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    FOR SALE
    Office buildings

    433 Madison Ave, Memphis, TN 38103

    4,210 SF 0.08 ac lot Built 1903
    Trust Owned 2-yr Hold Free & Clear
    Property ID
    US80-0761658
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1903
    Total area 4,210 SF
    Lot 0.08 ac (3,485 SF)
    Zoning code CBD
    APN 007-002- - -00002
    UPID US80-0761658
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Floyd N Tyler JR Irrevocable Trust · 2 yrs held
    Floyd N Tyler JR Irrevocable Trust
    since 2023
    Last sale
    $325,000
    3 recorded transactions
    2023
    2022
    2020
    $325,000
    Zoning & alternative use
    CBD · Memphis, TN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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