554 Adams AveMemphis, TN 38103

Property Details for 554 Adams Ave

Year built

1967

Lot size

0.68 AC

Property size (Sq ft)

24,087 SF

Zone code

CBD

Property type

Industrial properties

Property subtype

Other warehouses

APN

023-004- - -00001

APU

2300400001

Description

This exceptional 25,668-square-foot industrial property in Memphis, Tennessee, presents a compelling investment opportunity. Located at 554 Adams Avenue, this Class C building sits on a 0.67-acre lot and boasts a prominent corner location with high visibility, fronting Adams, Washington, and Dunlap Streets. Built in 1967, the property features a 16-foot ceiling height, three loading docks, and two dock-high doors, making it ideal for distribution, manufacturing, or warehouse operations. The building comprises 23,093 square feet of warehouse space and an additional 2,575 square feet of office space. The asking price is $1,000,000, translating to $38.96 per square foot. Conveniently situated just four blocks from the Memphis Courthouse, this property offers easy access to key locations such as the FedEx Forum and City Hall. The property also includes a repair area with HVAC and three-phase electricity. Its versatile layout offers potential for future condo or office conversion, making it a highly adaptable space for a variety of business needs. The property also features a prominent exterior boom sign, further enhancing its visibility and marketing potential. This is a rare chance to acquire a significant property in the heart of Downtown Memphis.

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.146

Longitude

-90.0416

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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