• Broker Wilson McCloy 9014815045

EDGE District Work/Live - Seller Financing 339 Madison Ave 10,571 SF Vacant Retail Building Memphis, TN 38103 $1,519,269 CAD ($143.72 CAD/SF)

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EXECUTIVE SUMMARY

Newly renovated and fully furnished this active Air BnB with a 5 year lease on the first floor makes for a great investment opportunity in a thriving Downtown Memphis market, or an excellent work-live location. Seller Financing Available.

ATTACHMENTS

339 Madison Ave - Flyer 2024

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,571 SF
Building Class
C
Year Built/Renovated
1923/2023
Price
$1,519,269 CAD
Price Per SF
$143.72 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
2 Exterior
Slab To Slab
10’
Building FAR
1.87
Lot Size
0.13 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
CBD - Central Business District
Parking
2 Spaces (0.19 Spaces per 1,000 SF Leased)
Frontage
26’ on Madison Ave

AMENITIES

  • Bus Line
  • Commuter Rail
  • Signage

TRAFFIC

COLLECTION STREET CROSS STREET TRAFFIC VOLUME YEAR Distance
Madison Ave Piomingo Ave, E 7,332 2018 0.14 km
Monroe Ave S Lauderdale St, E 1,518 2024 0.21 km
MONROE AVE. S Lauderdale St, E 2,262 2020 0.21 km
2851 S Lauderdale St, E 1,787 2025 0.24 km
Monroe Avenue S Lauderdale St, E 1,341 2022 0.24 km
Union Avenue S Lauderdale St, E 12,734 2024 0.30 km
SR003 S Lauderdale St, E 14,646 2025 0.30 km
UNION AVE. S Lauderdale St, E 12,529 2020 0.34 km
S Danny Thomas Blvd Gayoso Ave, N 14,532 2025 0.38 km
N 4th St Adams Ave, N 1,234 2025 0.40 km
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (78)

NEARBY MAJOR RETAILERS

First Horizon Bank
Regions Bank
Starbucks
Shred415
Hooters
Lennys Grill & Subs
Texas de Brazil
HOTWORX
Truist
Simmons Bank

PROPERTY TAXES

Parcel Number 00-5001-0-0008 Improvements Assessment $180,814 CAD
Land Assessment $39,626 CAD Total Assessment $220,440 CAD

MAP

ADDITIONAL PHOTOS

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