199 Jefferson Ave Memphis, TN 38103-2322
Property Lookup
Property profile & analytics
199 Jefferson Ave Memphis, TN 38103-2322
- Parking lots & garages
- 89,055 SF
- 0.54 lot acres
Property ID
US80-1117556
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
- Premier System Parking / Parking Lot & Garage
Property Details for 199 Jefferson Ave
- Year built
- 1908
- Lot size
- 0.54 lot acres
- Property size
- 89,055 SF
- Zone code
- CBD
- Property type
- Parking lots & garages
- APN
- 002-027- - -00003
- APU
- 202700003
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $945,000
- ML approach
- $1,255,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.0487
- Latitude
- 35.146
- 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
2023
$9,656
$131,320
$27,200
$158,520
-
$328,300
$68,000
$396,300
