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405 Monroe Ave

11,816 SF Flex Building Memphis, TN 38103 For Sale

Investment Highlights

  • Edge District, Downtown Memphis, Medical District
  • Retail front, Flex space w natural light, Apartment/Office/Loft
  • Sprinklered, New Roof, LED lighting, HVAC, Gated parking/entrance,

Executive Summary

Great property in The Edge District. Large building with premier Art Gallery. Full Loft/Living Quarters in rear with modern finishes. Center portion of building approximately 5,500 square-feet is a blank canvas, with tall clear heights, LED lighting and natural light via many windows. This property lends itself to a multitude of uses. New TPO roof, Fully Sprinklered, two (2) roll up drive in doors. Separate entrances for all areas. Secure power gate for side entrance and parking. Alarmed. A real Jewel in the Edge District. Opportunity Zone. An Ocean of Residential and Commercial development, both completed and underway within the district.

Property Facts

Sale Type Investment or Owner User
Property Type Flex
Property Subtype
Showroom
  • Flex Research & Development
  • OfficeLoft Creative Space
Building Class C
Lot Size 0.30 AC
Rentable Building Area 11,816 SF
No. Stories 1
Year Built 1950
Tenancy Single
Parking Ratio 0.42/1,000 SF
No. Dock-High Doors/Loading 2
No. Drive In / Grade-Level Doors 2
Opportunity Zone Yes

Amenities

  • Fenced Lot
  • Security System
  • Signage
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 11,816 SF
  • Flex
  • Full Build-Out
  • 30 Days

Great property in The Edge District. Large building with premier Art Gallery. Full Loft/Living Quarters in rear with modern finishes. Center portion of building approximately 5,500 square-feet is a blank canvas, with tall clear heights, LED lighting and natural light via many windows. This property lends itself to a multitude of uses. New TPO roof, Fully Sprinklered, two (2) roll up drive in doors. Separate entrances for all areas. Secure power gate for side entrance and parking. Alarmed. A real Jewel in the Edge District. Opportunity Zone. An Ocean of Residential and Commercial development, both completed and underway within the district.

Space Size Space Use Condition Available
1st Floor 11,816 SF Flex Full Build-Out 30 Days

1st Floor

Size
11,816 SF
Space Use
Flex
Condition
Full Build-Out
Available
30 Days

1st Floor

Size 11,816 SF
Space Use Flex
Condition Full Build-Out
Available 30 Days

Great property in The Edge District. Large building with premier Art Gallery. Full Loft/Living Quarters in rear with modern finishes. Center portion of building approximately 5,500 square-feet is a blank canvas, with tall clear heights, LED lighting and natural light via many windows. This property lends itself to a multitude of uses. New TPO roof, Fully Sprinklered, two (2) roll up drive in doors. Separate entrances for all areas. Secure power gate for side entrance and parking. Alarmed. A real Jewel in the Edge District. Opportunity Zone. An Ocean of Residential and Commercial development, both completed and underway within the district.

Walk Score ®
Very Walkable (76)
Bike Score ®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00-7004-0-0006
Land Assessment
$82,072 CAD
Improvements Assessment
$48,275 CAD
Total Assessment
$130,347 CAD

zoning

Zoning Code SE (Commercial Zoning)
SE (Commercial Zoning)
  • Listing ID: 32585150

  • Date on Market: 2024-07-25

  • Last Updated:

  • Address: 405 Monroe Ave, Memphis, TN 38103

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