119 S Court Ave - Storefront Retail/Office FOR SALE


Memphis, TN 38103
$1,500,000 USD
901-767-1998
119 S Court Ave, Memphis, TN for Sale
$1,500,000 USD
Storefront Retail/Office - FOR SALE
1/13
null | Request Cap Rate

119 S Court Ave
Memphis, TN 38103


OVERVIEW

Historic five story brick and limestone building with tons of character in downtown Memphis, with the very inclusive Central Business District (CBID) zoning, This building overlooks Court Square Park. Current property mix: Office, retail, and shell condition. Potential for 3rd & 4th floor to be renovated for commercial or residential use. The first and second floors were both completely renovated in 2005 and have been used as a bank branch and offices. The first floor has two tailored openings, one for drive-through opening and one drop box window. Both the third and fourth floors are in shell condition to be renovated. New boiler, roof and insulation installed in 2004. New hot water pump was installed within the last five years.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$97 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

South Court Square Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1917

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

CBD

APN/PARCEL ID

00-2016-A0-0006

ASK ABOUT THIS PROPERTY

Steve WoodyardWoodyard Realty CorporationMore Info
901-767-1998

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Steve WoodyardWoodyard Realty CorporationMore Info
901-767-1998

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.