708 Dr Ml King Jr Ave Memphis, TN 38126-1938
- Warehouses
- 28,366 SF
- 2.19 lot acres
Current Use by Public Records
- Warehouses
Property Details for 708 Dr Ml King Jr Ave
- Year built
- 1930
- Lot size
- 2.19 lot acres
- Property size
- 28,366 SF
- Zone code
- EMP
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 007-007- - -00004-C
- APU
- 00700700004C
Description
This exceptional Memphis industrial property presents a unique redevelopment opportunity. Located at 708 Dr ML King Jr Ave, this 92,315 square foot warehouse sits on a substantial 2.19-acre lot. The property comprises three buildings, with two being two-story concrete structures and one single-story wood-framed section. Built in 1930, the buildings are currently vacant and require complete renovation. This presents a blank canvas for a variety of uses, including, but not limited to, mini-storage facilities or apartment development. The property's Class C designation reflects its current condition, offering significant potential for value appreciation after renovation. Detailed plans and a survey are available for review. The asking price is $1,750,000, translating to $18.96 per square foot. The property's Shelby County location, with its address in Memphis, TN 38126, offers excellent access to transportation and infrastructure. This is an ideal investment for developers seeking a large-scale project with high upside potential. The property's size and location make it a compelling opportunity for those seeking to capitalize on the Memphis real estate market. The parcel number is 007007 00004C.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.0384
- Latitude
- 35.1366
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
