199 Jefferson Ave Memphis, TN 38103-2322

This exceptional four-story shopping center, located at 199 Jefferson Avenue in Memphis, Tennessee, presents a compelling investment opportunity. Boasting a substantial 89,055 square feet of retail space, this freestanding building sits on a 0.54-acre lot in the heart of the city's central business district. The property's prime location is surrounded by numerous office buildings, ensuring high visibility and foot traffic. Ample parking is provided with 350 spaces, including 100 surface and 250 covered spots. Each of the four floors offers approximately 19,964 square feet of usable space, with a building height of 40 feet. The property is zoned CBD, allowing for a variety of retail uses. This well-maintained building offers a significant opportunity for investors seeking a high-return asset in a thriving urban core. The asking price is $1,199,000. Detailed financial information and property reports are available upon request. This is a rare opportunity to acquire a substantial retail property in a highly desirable location within Memphis's vibrant downtown area. The property's size, parking capacity, and central location make it an ideal investment for both experienced and emerging investors in the commercial real estate market. Don't miss this chance to own a piece of Memphis's thriving downtown.