339 Madison Ave, Memphis, TN 38103-2727

This exceptional 10,571 square foot mixed-use property, located at 339 Madison Ave in Memphis, Tennessee's vibrant EDGE District, presents a unique investment and owner-user opportunity. Built in 1923 and extensively renovated between 2014 and 2023, this Class B building boasts two stories and sits on a 0.13-acre lot. The property features multiple floor plans, including two kitchens, four bedrooms, and 2.5 bathrooms. The interior showcases a blend of historic charm and modern updates, with exquisite wood, intricate tile work, and open floor plans offering versatile creative space. Currently zoned SE, the building's ground floor retail space is leased, providing immediate income potential for an owner-user. Its prime location within the EDGE District, bordering the Medical District and Midtown, places it at the heart of Memphis's burgeoning redevelopment, benefiting from proximity to significant ongoing investments, including a planned $3 billion in new Medical District developments, the recently completed Downtown Malco Theater, and other major projects. The property's walkability and proximity to amenities make it an ideal live-work space. The asking price is $969,000, with a price per square foot of $91.67. This presents a compelling investment opportunity with strong long-term potential in a rapidly growing area, offering convenient access to FedEx Forum and Redbirds Stadium. The surrounding area boasts a significant population density: 14,020 within one mile, 84,479 within three miles, and 157,068 within five miles.