619 Madison Ave Memphis, TN 38103
For Sale
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This exceptional 3,503 square foot retail property, located at 619 Madison Avenue in Memphis, Tennessee, presents a unique investment opportunity. Currently configured as a four-bay mechanic shop, this versatile space offers significant potential for a variety of retail uses. Situated in the heart of Memphis, near the downtown core, this property benefits from high visibility and excellent access to major transportation routes. The asking price is $499,000, translating to a price per square foot of $149.87. The property is zoned for retail use and features a single unit within a shopping center setting. Its convenient location within Shelby County, zip code 38103, ensures easy access to a large customer base. The property's size and location make it ideal for a variety of retail businesses seeking a high-traffic location in a thriving urban environment. This is a rare opportunity to acquire a well-positioned retail space in a desirable Memphis neighborhood. The property's existing structure provides a solid foundation for immediate occupancy or potential redevelopment, offering flexibility to suit the needs of a discerning buyer. Serious inquiries are encouraged to explore this promising investment prospect. The property is ready for immediate possession.
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.