18 N 2Nd St Memphis, TN 38103

Property Details for 18 N 2Nd St

Year built

1903

Lot size

0.08 lot acres

Property size

9,800 SF

Zone code

CBD

Property type

Investment properties

Property subtype

Live-work space

APN

002-025- - -00010

APU

202500010

Description

This exceptional mixed-use investment property, located in the heart of Downtown Memphis, Tennessee, presents a compelling redevelopment opportunity. The property comprises two historic buildings, totaling 87,570 square feet on a 0.252-acre lot. Built in 1892 and 1965, these Class A buildings boast a prime location, neighboring First Horizon Bank's corporate headquarters and within walking distance of AutoZone Park, The Peabody Hotel, Court Square Park, Beale Street, and the renovated Tom Lee Park. The buildings, connected on the sixth floor, offer unique architectural features. The 18 South Second Street building encompasses 33,078 square feet, including a basement and mezzanine, and features a 4,000 lb. capacity cargo elevator (25-person capacity). The 22 South Second Street building offers 54,492 square feet across seven stories and includes two elevators. Each building features mostly column-free floor plates with individual design. Currently vacant, this property is zoned for high-rise office development and presents an ideal opportunity for an owner-user or investor seeking to revitalize a significant piece of Memphis history. The asking price is $4,500,000, translating to $51.39 per square foot. This is a rare chance to acquire a substantial footprint in one of Memphis's most vibrant and desirable locations. The permitted zoning is Office High-Rise.

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Longitude

-90.051

Latitude

35.1453

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments