18 N 2Nd St Memphis, TN 38103
Property profile & analytics
18 N 2Nd St, Memphis, TN 38103
- Investment properties
- 9,800 SF
- 0.08 lot acres
Property ID
US80-0154258
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- 350 Baked / Bakery / Specialty Food Shop
- Immerse Health and Wellness / Medical Clinic
- Miekas Massages & Manicures / Alternative Medicine Practice / Spa & Massage Center
- HAIRY BUSINESS BARBERSHOP, SALON, DAY SPA / Barber Shop
Property Details for 18 N 2Nd St
- Year built
- 1903
- Lot size
- 0.08 lot acres
- 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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $463,000
Market price range: $224k - $478k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $590,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $720,000 Change: +22% Conversion: Difficult
- RETAIL STORES
- $595,000 Change: +1% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- 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
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$15,509
$43,200
$211,400
$254,600
-
$108,000
$528,500
$636,500
