203 Trigg Ave Memphis, TN 38106
- Warehouses
- 30,658 SF
- 1.85 lot acres
Current Use by Public Records
- Metal Supply Co / Metal Supplier / Metal Fabricator
Property Details for 203 Trigg Ave
- Year built
- 1947
- Lot size
- 1.85 lot acres
- Property size
- 30,658 SF
- Zone code
- EMP
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 024-062- - -00002
- APU
- 2406200002
Description
This exceptional Memphis industrial property, located at 203 E Trigg Ave, offers a substantial 30,658-square-foot warehouse on a generous 8.94-acre lot. Built in 1947, the Class C building boasts a 40-foot ceiling height, ideal for various industrial uses. The property features three dock-high doors and one drive-in door, ensuring efficient loading and unloading. Heavy power is available, catering to demanding manufacturing or warehousing operations. Currently, approximately 30,500 square feet is vacant, presenting a significant opportunity for a single tenant. The property's EMP zoning allows for a wide range of uses, including office space, light manufacturing, research and development, warehousing, wholesale, and processing. Its strategic location in Shelby County, Tennessee, provides easy access to major highways, I-55 and I-69, and downtown Memphis. The seller is open to exploring owner financing options, making this an attractive investment prospect. The property's size, features, and zoning flexibility make it suitable for a variety of businesses seeking a well-located and functional industrial space in the Memphis market. This is a rare opportunity to acquire a substantial industrial property with significant potential. The zip code is 38106.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $310,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $325,000
- 6.5%
- $300,000
- 7%
- $300,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $310,000
- Geo Method
- $290,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $345,000
- Retail
- $285,000
- Mixed-Use
- $280,000
- Hospitality
- $280,000
- Educational
- $350,000
- Residential Income
- $290,000
- Energy
- $335,000
- Income-Based Land
- $340,000
- Food Service
- $355,000
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.056
- Latitude
- 35.1104
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
