Property summary
This exceptional multi-tenant industrial property, located at the intersection of Thomas Road and Spicer Cove in the Northeast submarket, offers a total of 126,500 square feet of warehouse and distribution space. The property consists of two buildings, constructed in 1989 and extensively renovated in 2020. Individual bays are available, with a minimum divisible space of 3,000 square feet and a maximum contiguous space of 3,000 square feet. Currently, one 8,100 square foot space is available. The buildings feature a desirable combination of dock-high doors at the front and drive-in doors at the rear, making them ideal for efficient loading and unloading of goods. Ceiling heights range from 18 to 22 feet, providing ample vertical clearance for storage and operations. The property is zoned for Light Industrial use and benefits from convenient access to the I-40/240 interchange. The electrical service is 208V 3-phase. This location is perfect for bulk deliveries and local and regional service companies seeking a well-maintained and strategically located industrial space. The property's modern amenities and flexible layout make it an attractive option for a variety of businesses. Contact us today to schedule a viewing and explore the possibilities.
Property profile
VerifiedCap rate & NOI
Current use
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Hardware & Home Improvement HVAC Service
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Industrial Manufacturer Factory
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Production Facility Metal Fabrication Plant
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Custom T-Shirt Store Embroidery Shop
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Distribution Center
Value estimations
Owner & transaction history
Zoning & alternative use
1. In the CA, CMU, EMP, WD, IH districts, outdoor runs are permitted. 2. In all other districts, outdoor runs are not permitted. All overnight care of animals must occur indoors. All pens, kennels and runs must be locate…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
EMP · Memphis, TN1. In the CA, CMU, EMP, WD, IH districts, outdoor runs are permitted. 2. In all other districts, outdoor runs are not permitted. All overnight care of animals must occur indoors. All pens, kennels and runs must be locate…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for EMP in Memphis, TN.
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