Kimbrough Retail Center Value-Add Opportunity with Excellent Adaptive Reuse Option In Memphis’ Medical District Central to Major Employment Anchors with 112,000+ White-Collar Jobs Ask Price $1,800,000 or $41.00psf Multifamily Conversion Estimated Rehab Cost $1,500,000 Value Post Conversion $3,950,000 Cash on Cash Return 10.6% Its prominent location, ample parking and the vacant second floor space make the center an ideal candidate for a variety of mixed-use options, spanning multifamily, office, or live-work space concepts. INVESTMENT HIGHLIGHTS Partially Renovated Retail Center with 60-Space Garage Storefront Retail (6 Bays) with Excellent Adaptive Reuse Option on 2nd Floor Recent Capital Improvements: Street level retail cleared and marketed for lease to retail and service businesses. Slice Midtown occupies a 1,740sf (10 year lease) Partially demolished 11,000+sf second floor with all partitions removed ideally suited for adaptive reuse. New TPO roof across in November 2024 New parking lease agreement ($25,000/yr) with adjacent apartment building LOCATION HIGHLIGHTS Prominent Location in Memphis Medical District near Major Employers Great Visibility on High-Traffic Union Avenue Corridor Convenient Access to Area Amenities Zero New Supply Pipeline in Immediate Submarket Prospective Market Growth via xAI’s Gigacomputer investment expected to draw tech giants Nvidia, Dell and others to Memphis DOCUMENT CENTER features OM Concept Layout for 2nd Floor Multifamily Conversion New Roof Warranty *MORE PHOTOS AVAILABLE ON PROPERTY LISTING WEBSITE. LINK BELOW*