1726 Poplar Ave Memphis, TN 38104-6426
- Medical offices
- 3,179 SF
- 0.35 lot acres
Apr 02, 2025
Current Use by Public Records
- Nikole D. Gettings, CNM / Doctor
- Finch Linda C / Doctor / Professional Services
- Driving Successful Lives Memphis / Association / Organization
- Abortion Rights of Memphis / Medical Clinic / Family Planning Center
- Nikia Grayson / Midwife / Family Practice Physician
Property Details for 1726 Poplar Ave
- Year built
- 1950
- Lot size
- 0.35 lot acres
- Property size
- 3,179 SF
- Zone code
- CMU-3
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 020-063- - -00018-C
- APU
- 02006300018C
Description
This exceptional 6,700 square foot single-story office building, located at 1726 Poplar Avenue, presents a unique opportunity. Situated on a 0.35-acre lot (15,246 square feet), this Class B property boasts a spacious layout ideal for a variety of uses, including traditional office and medical practices. The entire building, comprising a single suite, is currently vacant and available for immediate occupancy. With a 16-foot ceiling height, the space offers ample room for customization and efficient workflow. The building features 50 parking spaces, providing convenient access for staff and clients. Built in 1950, the structure benefits from a flexible CH zoning designation in Shelby County. The building's floor plan is easily adaptable to suit diverse needs, making it an attractive option for businesses seeking a functional and well-located space. The property's location on Poplar Avenue, with its convenient access to N. Evergreen Street, ensures high visibility and accessibility. The building's floor-to-area ratio (FAR) is 0.44. This is a rare opportunity to acquire a fully vacant, single-tenant building in a desirable location. The property is ready for immediate renovation or occupancy.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $625,000
- ML approach
- $545,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $770,000
- 6.5%
- $710,000
- 7%
- $660,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $671,000
Market price range: $183k - $672k -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $455,000 Current use
- RETAIL STORES
- $385,000 Change: -16% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.0028
- Latitude
- 35.1431
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA