1528 Madison Ave Memphis, TN 38104

Property Details for 1528 Madison Ave

Year built

1940

Lot size

0.28 lot acres

Property size

4,510 SF

Zone code

CMU-3

Property type

Bars

Property subtype

Pubs

APN

017-031- - -00043

APU

1703100043

Description

This exceptional 4,510 square foot commercial property at 1528 Madison Ave offers two available suites, each measuring approximately 2,255 square feet. Located in a vibrant area across from Minglewood Hall, near residential neighborhoods, and conveniently close to Midtown and Cooper-Young, this property boasts prime visibility and accessibility. The single-story, 1940-built brick building sits on a 0.28-acre lot (12,228 sq ft) and features ample parking with 10 spaces available, including off-street parking in the rear and convenient on-street parking. The property is zoned commercial and is serviced by electric power. No elevators are present. The building is currently fully vacant, presenting a unique opportunity for a single tenant to occupy the entire space or for two separate tenants to lease individual suites. Each suite is available for $2,500 per month, with a discounted rate available for leasing both suites simultaneously. Property taxes are $1.02 per square foot. The cross street is N. Willett St. This property is ideal for businesses seeking a high-profile location with excellent accessibility and ample parking. The flexible layout allows for various business configurations, making it a versatile option for a range of commercial uses.