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Move-in Ready | Stunning First-Class Finishes 2537 Broad Ave
7,260 SF Vacant Retail Building Memphis, TN 38112 $1,595,000 ($220/SF)
Investment Highlights
- Extensively modernized two-story retail building with a brick façade and new floor-to-ceiling windows in the desirable Broad Avenue Arts District.
- Prime investment opportunity with value-add ability in the Downtown/Midtown Submarket with compressing vacancies and increasing retail rental rates.
- Strategically positioned across from the newly built Link Apartments Broad Avenue and encompassing sought-after demographics.
- Ideally situated with premium visibility and 55’ of frontage in front of the street’s row of surface parking a block from Sam Cooper Boulevard.
- Exceptionally established in a major retail corridor featuring well-known businesses like Kroger, Target, Aldi, Whole Foods, and many more.
- Conveniently located less than a 10-minute drive from the Interstates 40 and 240 interchange and 12 minutes east of bustling Downtown Memphis.
Executive Summary
2537 Broad Avenue offers qualified investors the opportunity to acquire a completely renovated, like-new building in one of Memphis’ most popular submarkets. Both suites feature private entrances with suspended overhead canopies for each tenant. Floor-to-ceiling windows provide the perfect place for tenant signage while allowing ample natural light to flow in.
The surrounding community boasts strong demographics where the average household income is about $63,000 within a 5-mile radius and generous spending power of well over $2.3 billion annually. The heart of Downtown Memphis boasts nearby popular attractions, including the Memphis Rock ‘n Soul Museum, the Blues Hall of Fame Museum, the Orpheum Theatre, the FedExForum, the Cannon Center for the Performing Arts, and the Beale Street Entertainment District.
2537 Broad Avenue presents a rare, move-in-ready opportunity for any owner/occupant or savvy investor looking for long-term value and appreciation.
Sale Flyer
Property Facts
Amenities
- Bus Line
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
2537 Broad Avenue is a premier 7,260-square-foot retail/office property in the heart of the sought-after Broad Avenue Arts District of Memphis, Tennessee, across from the newly built Link Apartments Broad Avenue. 2537 Broad Avenue is a beautiful two-story building with masonry construction and impressive modern finishes. Ideally situated with premium visibility and 55’ of frontage in front of the street’s row of surface parking a block from Sam Cooper Boulevard. Exceptionally established in a major retail corridor featuring well-known businesses like Kroger, Target, Aldi, Whole Foods, and many more.
Amazing 2nd floor designer inspired space with a full kitchen and tons of natural light. Three private offices with a large collaborative space or show room layout. A must see for anyone looking for a modern, vibrant space designed by local interior design firm.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,500-5,300 SF | Retail | In-Line | Now |
| 2nd Floor | 1,960 SF | Office/Retail | - | Now |
1st Floor
| Size |
| 2,500-5,300 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
2nd Floor
| Size |
| 1,960 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 2,500-5,300 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
2537 Broad Avenue is a premier 7,260-square-foot retail/office property in the heart of the sought-after Broad Avenue Arts District of Memphis, Tennessee, across from the newly built Link Apartments Broad Avenue. 2537 Broad Avenue is a beautiful two-story building with masonry construction and impressive modern finishes. Ideally situated with premium visibility and 55’ of frontage in front of the street’s row of surface parking a block from Sam Cooper Boulevard. Exceptionally established in a major retail corridor featuring well-known businesses like Kroger, Target, Aldi, Whole Foods, and many more.
2nd Floor
| Size | 1,960 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Amazing 2nd floor designer inspired space with a full kitchen and tons of natural light. Three private offices with a large collaborative space or show room layout. A must see for anyone looking for a modern, vibrant space designed by local interior design firm.
About Downtown/Midtown
The population in Downtown and Midtown Memphis has grown at a steady rate over the past several years, and the area’s wide range of incomes help support demand for both budget and higher-end retail across the region. Commuters coming to and passing through the area for work each day also help support retail properties here. Companies including ServiceMaster, AutoZone, and First Horizon National Corporation collectively employ several thousand people, boosting daytime retail spending during work hours. Additionally, St. Jude’s is undergoing a $1 billion expansion as the facility looks to expand its offerings while significantly adding to its employee headcount.
Residents are also drawn to this area thanks to the high concentration of major manufacturing and logistics operations located nearby. FedEx, Amazon, Kellogg, and Nickey Warehouses all have sizable footprints in the area and employ thousands of workers.
Downtown and Midtown Memphis have experienced some of the strongest population growth in recent years. Additionally, several hundred high-end apartment units have come on line in recent years to cater to the increase in higher-income renters moving to the area.
Several major thoroughfares connect suburban locales to the urban core. In addition to interstates 40, 69, and 240, highly trafficked state highways of 51 and 78 are commonly used to get from one part of town to another.
DEMOGRAPHICS
Demographics
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Broadway Pizza House | Pizza | $ | 3 min walk |
| Subway | - | - | 11 min walk |
| Sonic Drive-In | Fast Food | - | 16 min walk |
| El Toro Loco | Mexican | $ | 18 min walk |
| Hampline Brewing Company | American | $$$ | 19 min walk |
Hotels |
|
|---|---|
| Tribute Portfolio |
106 rooms
5 min drive
|
| Holiday Inn Express |
125 rooms
8 min drive
|
| aloft Hotel |
156 rooms
10 min drive
|
| Canopy by Hilton |
174 rooms
10 min drive
|
| Crowne Plaza |
230 rooms
10 min drive
|
PROPERTY TAXES
| Parcel Number | 03-3021-0-0004 | Improvements Assessment | $89,200 |
| Land Assessment | $14,360 | Total Assessment | $103,560 |
PROPERTY TAXES
Sale Advisor
Sale Advisor
Dede Malmo, CCIM, President
-
Dede Malmo, CCIM -
MalmoMemphis Real Estate, Inc.
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Move-in Ready | Stunning First-Class Finishes | 2537 Broad Ave
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