243 Exchange Ave Memphis, TN 38105-3503
Property Lookup
Property profile & analytics
243 Exchange Ave Memphis, TN 38105-3503
- Office buildings
- 1,822 SF
- 0.10 lot acres
Property ID
US80-1683476
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
- The McDaniel Law Firm / Law Firm
- Pritchard John P / Law Firm
- Francavilla Law Firm / Law Firm
- Exchange St Lot / Parking Lot & Garage
Property Details for 243 Exchange Ave
- Year built
- 1940
- Construction
- FRAME
- Lot size
- 0.10 lot acres
- Property size
- 1,822 SF
- Zone code
- MU
- Property type
- Office buildings
- APN
- 001-043- - -00030
- APU
- 104300030
Description
This exceptional 0.4-acre commercial land parcel presents a unique investment opportunity in the heart of Memphis, Tennessee. Located at 243 Exchange Avenue, this property boasts a highly desirable MU zoning designation, opening doors to a wide array of potential development projects. Currently functioning as a profitable paid parking lot with 63 surface spaces, the site offers immediate income potential while allowing for future expansion or redevelopment. Its strategic location just one block southwest of the intersection of North Lauderdale Street and Exchange Avenue places it within easy reach of numerous amenities and key transportation arteries. The property benefits from excellent interstate access, situated a mere 0.3 miles from I-40 and less than 2 miles from I-69, ensuring seamless connectivity throughout the region. Adding to its appeal, this land parcel is situated within an Opportunity Zone, providing potential tax advantages for investors. The surrounding area is vibrant, with close proximity to several government buildings, popular attractions, hotels, and a variety of retail establishments, creating a dynamic and thriving environment. This prime location and flexible zoning make this property an ideal choice for developers seeking a high-impact investment in a rapidly growing urban core. The existing parking lot provides a stable revenue stream while offering the flexibility to pursue a range of future development options.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.0458
- Latitude
- 35.1496
- 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
$3,950
$51,200
$13,640
$64,840
-
$128,000
$34,100
$162,100
