1432 Washington Ave Memphis, TN 38104
- Land
- 18.00 lot acres
Current Use by Public Records
- Land
Property Details for 1432 Washington Ave
- Lot size
- 18.00 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 18+ acre mixed-use development site presents a unique investment opportunity in the heart of Midtown Memphis, Tennessee. Located at 1432 Washington Avenue, this property boasts a prime location less than one mile from the Memphis Medical District and under six miles from Downtown Memphis. Its strategic position places it directly across the street from a major shopping center anchored by Kroger and PetCo, ensuring high visibility and convenient access. The site's proximity to several prominent institutions, including the University of Memphis, Christian Brothers University, Rhodes College, and East High School, guarantees a substantial and diverse population base. Furthermore, this development is situated within the Memphis Medical District Opportunity Zone, offering potential tax advantages. The surrounding area is thriving, with a population of 211,712 and 112,920 employees within a five-mile radius. National retailers such as The Home Depot, Dunkin' Donuts, AutoZone, and Dollar Tree are also nearby. This rare core-plus mixed-use offering is ideally positioned between Crosstown Concourse, the Memphis Zoo, Overton Park, the Memphis Brooks Museum of Art, and Downtown Memphis, making it an exceptional opportunity for a variety of development projects. The property's 38104 zip code and its location in a booming neighborhood further enhance its appeal. This is a truly remarkable opportunity to capitalize on the growth and potential of Midtown Memphis.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.013
- Latitude
- 35.1427
