2537 Broad Ave | Memphis, TN 38112
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- LoopNet Team
2537 Broad Ave
Memphis, TN 38112
Move-in Ready | Stunning First-Class Finishes · Retail Property For Sale
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.
- Partially leased to First Citizens National Bank
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
7,260 SF
Building Class
B
Year Built/Renovated
1912/2020
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
11’
Building FAR
1.19
Lot Size
0.14 AC
Zoning
CL
Parking
4 Spaces (0.55 Spaces per 1,000 SF Leased)
Frontage
55’ on Broad Ave
AMENITIES
- Bus Line
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 03-3021-0-0004 | Improvements Assessment | $129,320 |
| Land Assessment | $16,240 | Total Assessment | $145,560 |
PROPERTY TAXES
Parcel Number
03-3021-0-0004
Land Assessment
$16,240
Improvements Assessment
$129,320
Total Assessment
$145,560
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