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Property profile & analytics
FOR LEASE
Medical Office Space

2595 Central Ave Memphis, TN 38104

16,600 SF 1.1 ac lot Built 1988
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US80-0103044
Property summary
AI-generated overview

This exceptional 16,600-square-foot single-tenant property at 2595 Central Avenue in Memphis, Tennessee, presents a unique opportunity for businesses seeking a prominent Midtown location. The building, previously utilized as a healthcare center, boasts a flexible, adaptable open floor plan perfectly suited for a variety of uses, including executive office space and medical offices. The layout includes multiple private offices and expansive open areas, allowing for customization to meet specific business requirements. The property features a single story design for convenient access and functionality. Ample gated, secure parking is provided on-site, ensuring the safety and convenience of employees and clients. Situated in a thriving area near Chickasaw Gardens and Liberty Park, this location offers excellent visibility and accessibility. Its proximity to popular dining, retail, and entertainment options further enhances its appeal to businesses seeking to capitalize on Midtown Memphis's continued growth and vibrant atmosphere. The entire 16,600 square feet is currently vacant and ready for immediate occupancy. The property's zip code is 38104.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1988
Total area 16,600 SF
Lot 1.1 ac (48,003 SF)
Zoning code CMU-1
APN 045-017- - -00008-C
UPID US80-0103044
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sheila C. Vamplin, LMFT Physician
  • Christ Community Health Center (Main Office) Medical Clinic
  • Christian Community Health Fellowship Medical Clinic
  • Christ Community Health Services: Outreach and Administration Charitable Organization Social Service Agency
  • Potter Timothy A MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.60M
CAP Approach CAP
by Request
Comparable Approach Comparable
$983k
Blend (final) Blend
$1.60M
Owner & transaction history
Alobar Investments LLC · 2 yrs held
Alobar Investments LLC
since 2024
Last sale
$1.6M
7 recorded transactions
2024
$1.6M
2017
Price N/A
2010
Price N/A
2010
Price N/A
2007
$1.7M
2005
$100,000
1969
Price N/A
Zoning & alternative use
CMU-1 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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 □ □ □ 1. Planned Developments approved prior to the adoption of the University District Overlay (July 22, 2009) are not affected. Definitions Fo…

Zone name Commercial Mixed Use 1
General category MIXED_USE
Zone area 3,556.17 ac
Source CHAPTER 1
Top alternative use upside
Restaurant $2.7M +12.2%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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