433 Madison Ave, Memphis, TN 38103
For Sale
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This exceptional 4,210 square foot mixed-use property, located at 433 Madison Avenue in Memphis, Tennessee, presents a unique redevelopment opportunity. Situated in the vibrant EDGE District, this Class C building, constructed in 1903, offers versatile space ideal for creative office, restaurant, or storefront uses. Currently vacant, the property is zoned CMU and boasts excellent visibility and accessibility, with proximity to major highways and public transportation, including the Madison Avenue trolley stop. The building features large windows providing ample natural light. The EDGE District's thriving atmosphere, with nearby restaurants, shops, and entertainment venues, creates a dynamic environment for any business. Significant investment and development are occurring in the surrounding area, further enhancing the property's potential. A newly constructed 450-space parking garage is located less than a block away. The property is eligible for technical support and incentives through the Memphis Medical District Collaborative. This is a prime opportunity to acquire a piece of Memphis's dynamic urban core, offering a blank canvas for a customized build-out to meet specific business needs. The property's location within an Opportunity Zone census tract provides additional investment advantages. The existing building offers a cold dark shell delivery, allowing for complete interior design and build-out to the new owner's specifications.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CBD · Memphis, TNMemphis. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.