This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

939 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

240-242 Poplar Ave
Memphis, TN 38103

238-242 Poplar Ave · Office Property For Sale

Office Space Tennessee Memphis 240-242 Poplar Ave, Memphis, TN 38103

INVESTMENT HIGHLIGHTS

  • Prime Lot Available Near Downtown Memphis Courts
  • Three(3) income-generating buildings, upside potential
  • Central Business District multi-use zoning

EXECUTIVE SUMMARY

Seize this rare investment opportunity in the heart of downtown Memphis, just steps from the bustling court district and surrounded by rapid real estate development. This 9,239 SF property sits on 0.418 acres and features three income-generating buildings, making it an ideal asset for legal offices, professional services, retail, or redevelopment potential. With private parking, a highly sought-after amenity in downtown, this property offers convenience and accessibility for tenants and clients alike. As Memphis continues its downtown revitalization, this strategic location zoned in a Central Business District is poised for strong appreciation and increased demand. Whether you’re an investor looking for a turnkey income-producing asset or a visionary developer ready to capitalize on downtown’s growth, this property is a prime addition to any portfolio. Now available for sale—don’t miss out!

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
8,096 SF
Building Class
C
Year Built
1915
Price
$975,000
Price Per SF
$120
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,048 SF
Slab To Slab
10’
Building FAR
0.45
Lot Size
0.41 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
CBD
Parking
31 Spaces (3.83 Spaces per 1,000 SF Leased)

AMENITIES

  • Bus Line
  • Fenced Lot
  • Signage
  • Partitioned Offices

PROPERTY TAXES

Parcel Number 00-1043-0-0018C Improvements Assessment $10,480
Land Assessment $170,120 Total Assessment $180,600

PROPERTY TAXES

Parcel Number
00-1043-0-0018C
Land Assessment
$170,120
Improvements Assessment
$10,480
Total Assessment
$180,600
 

  • Listing ID: 34887342

  • Date on Market: 2/20/2025

  • Last Updated:

  • Address: 240-242 Poplar Ave, Memphis, TN 38103

More public record information on 240-242 Poplar Ave, Memphis, TN 38103

The Downtown Memphis Office Property at 240-242 Poplar Ave, Memphis, TN 38103 is currently available. Contact Myers Commercial Real Estate for more information.

OFFICE PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP
1/5
240-242 Poplar Ave, Memphis, TN for sale Building Photo- Image 1 of 5
238-242 Poplar Office _Scroll Pic (002)
240-242 Poplar Ave, Memphis, TN for sale Primary Photo- Image 2 of 5
Primary Photo
240-242 Poplar Ave, Memphis, TN for sale Building Photo- Image 3 of 5
Building Photo
240-242 Poplar Ave, Memphis, TN for sale Building Photo- Image 4 of 5
Building Photo

Connect with us

© 2025 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link