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Property profile & analytics
FOR SALE
Auto shops

619 Madison Ave Memphis, TN 38103

3,503 SF 0.29 ac lot Built 1948
Entity Owned 2-yr Hold Free & Clear
Property ID
US80-1588262
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1948
Total area 3,503 SF
Lot 0.29 ac (12,676 SF)
Zoning code CBD
APN 007-033- - -00002
UPID US80-1588262
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
Twin Higgins II LLC · 2 yrs held
Twin Higgins II LLC
since 2024
Last sale
$460,000
5 recorded transactions
2024
$425,000
2022
$460,000
2021
$265,000
2017
Price N/A
2011
Price N/A
Zoning & alternative use
CBD · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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