Exciting Property Updates! NEW PARKING SOLUTION - Surface parking offering 90 spaces on adjoining parcel can now be arranged via parking lease agreement. NEW ROOF - The building will be delivered with a new roof! Installation is currently underway offering New Ownership an immediate start to taking the asset to the next level! CONSIDERING ALL OFFERS! EXCELLENT ADAPTIVE REUSE OPPORTUNITY Located in Downtown Memphis, the Strongest Office Campus in the Region 147 Jefferson Avenue, Memphis, TN Vacant 12-story Office Tower 101,600 SF Built 1954 Suitable for Mixed-Use, Multifamily or Hospitality Conversion Asking Price: $3,700,000 or $36 PSF INVESTMENT HIGHLIGHTS PRIME LOCATION IN DOWNTOWN MEMPHIS The economic engine for the Greater Memphis MSA with a daytime population of 72,500+ and the highest density of jobs per acre regionally Ongoing demand fueled by Downtown's demographics and vibrant cultural and recreational offerings EXCELLENT ACCESS AND VISIBILITY Frontage on Jefferson Avenue between BB King Boulevard and Second Street, prominent arteries through the Downtown business district PRIME FOR ADAPTIVE REUSE Architectural design ideally suited for a conversion into mixed-use, multifamily or hospitality uses Downtown's ongoing urbanization fueled by increased employment, infrastructure investments, and new cultural and recreational offerings has lead to rising demand for rental housing and hospitality establishments ELIGIBILITY FOR PILOT TAX ABATEMENT Eligible for a Payment-In-Lieu-of-Tax abatement program freezing taxes at the pre-development level for up to 10 years PARTIAL SELLER FINANCING FOR ACQUISITION AND CONSTRUCTION Available for qualified buyers with a solid track record NEARBY PARKING OPTION Structural parking with ample spaces can be arranged in close proximity via parking agreement DMC APPROVAL NEEDED FOR CLOSING Current remediation efforts are underway to address a pending environmental court citation