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147 Jefferson Ave
Memphis, TN 38103

Multifamily Property For Sale · 100,000 SF

PROPERTY FACTS

Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class B
Construction Status Abandoned
Building Size 100,000 SF
No. Stories 12

About 147 Jefferson Ave , Memphis, TN 38103

Adaptive 12 story building proposed mixed use project located at the corner of Jefferson ave and Second st. in Downtown Memphis. The building (at 120,000 sq-ft, including full basement) is the earliest example of post-World War II International design, was the first air-conditioned office building and first to provide off street parking to its tenants in the downtown area. Architectural schematic design drawings are being developed as directed by existing market analysis. As design drawing is completed, construction cost analysis will be provided by local area contractors. Project is extremely well located in the heart of Downtown Memphis business district across from Court Square Park, Beale St., Shelby County, and City of Memphis government offices, Courthouses, Police headquarter and poised to capture substantial market value. Owner interested in developing alliances with active developers and serious investors. Other submitted options will be consider including design-built to suite single or multiple tenants. Project is extremely well located in the heart of Downtown Memphis business district across from Court Square Park, Beale St., Shelby County, and City of Memphis government offices, Courthouses, Police headquarter and poised to capture substantial market value. Ground lease and 1031 exchange options will be considered.

  • Listing ID: 14437311

  • Date on Market: 11/19/2018

  • Last Updated:

  • Address: 147 Jefferson Ave, Memphis, TN 38103

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