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Property profile & analytics
FOR LEASE
Bars & Pubs

1528 Madison Ave Memphis, TN 38104

4,510 SF 0.28 ac lot Built 1940
Individually Owned 10-yr Hold Free & Clear
Property ID
US80-1846676
1528 Madison Ave, Memphis, TN 38104 For Lease
$2,290/Mo 4,510 SF available
1528 Madison Ave, Memphis, TN 38104
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Property summary
AI-generated overview

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.

Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1940
Total area 4,510 SF
Lot 0.28 ac (12,197 SF)
Zoning code CMU-3
APN 017-031- - -00043
UPID US80-1846676
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Martin H Chow · 10 yrs held
Martin H Chow
since 2016
2 recorded transactions
2016
$153,180
1998
$75,000
Zoning & alternative use
CMU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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