Individually Owned 
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Property summary
This exceptional five-story, 42,666 square foot Class B office building, located at 2400 Poplar Avenue in Memphis, Tennessee's Midtown Submarket, presents a unique investment opportunity. Built in 1963, the property boasts a prime location, conveniently situated between Downtown Memphis and East Memphis, offering easy access to major thoroughfares. The entire building, totaling 42,666 square feet, is currently vacant, providing a blank canvas for a new tenant or a comprehensive redevelopment project. The building features multiple elevator services and key card access for enhanced security. Recent renovations have modernized the lobby, elevators, and common areas, creating a welcoming and professional atmosphere. Exterior lighting and covered parking add to the building's appeal. The property is situated on Poplar Avenue and Williford Street in Shelby County, zip code 38112, offering excellent visibility and accessibility. Individual suites ranging from 1,066 to 4,215 square feet are available, providing flexibility for various business needs. This is an ideal opportunity to acquire a well-located, adaptable office building in a thriving Memphis submarket.
Property profile
VerifiedCap rate & NOI
Current use
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Charitable Organization Social Service Agency
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Consultant
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Medical Clinic
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Medical Clinic
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Alternative Medicine Practice
Location
Value estimations
Owner & transaction history
Zoning & alternative use
PRINCIPAL USE R6 RU-1 RU-3 CMU-1 CMU-2 CMP-2 Woodworking, including Cabinet Makers and Furniture Manufacturing □ ■ Warehouse □ □ Recycling Drop-off Facility □ □ □ Neighborhood Garden ■ ■ ■ ■ ■ ■ Planned Development1 □ □…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
CMU-1 · Memphis, TNPRINCIPAL USE R6 RU-1 RU-3 CMU-1 CMU-2 CMP-2 Woodworking, including Cabinet Makers and Furniture Manufacturing □ ■ Warehouse □ □ Recycling Drop-off Facility □ □ □ Neighborhood Garden ■ ■ ■ ■ ■ ■ Planned Development1 □ □…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
PRINCIPAL USE R6 RU-1 RU-3 CMU-1 CMU-2 CMP-2 Woodworking, including Cabinet Makers and Furniture Manufacturing □ ■ Warehouse □ □ Recycling Drop-off Facility □ □ □ Neighborhood Garden ■ ■ ■ ■ ■ ■ Planned Development1 □ □…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CMU-1 in Memphis, TN.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
