2557 Broad Ave
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2557 Broad Ave
5,500 SF Retail Building Memphis, TN 38112 $850,000 ($155/SF)
Executive Summary
Crye-Leike Commercial is pleased to present for sale a unique two-story commercial property, nestled in the vibrant heart of the Broad Avenue Arts District in Memphis. This district, a thriving hub within the historic Binghampton community, is home to over 70 distinctive local businesses. These include eclectic boutique shops, captivating art galleries, creative artist studios, a variety of services, and a lively selection of restaurants and bars. The property in focus boasts a promising transformation into a dual-unit residential space. However, its true potential lies in its versatility for the imaginative developer. It holds the promise of a mixed-use masterpiece, envisioning retail or commercial endeavors on the ground floor, complemented by office spaces or residential units above. A noteworthy feature is the expansive garage at the rear, equipped with convenient grade-level roll-up doors, adding to the practicality and appeal of the space. The location's allure has recently escalated from simply amazing to extraordinarily supercharged, thanks to the development and launch of the Link Apartments, which stand proudly across the street. This property offers an exceptional opportunity to be part of a dynamic and evolving community, making it an ideal investment for those with a creative vision and an eye for opportunity. Contact us today for your private tour.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,500 SF
Building Class
C
Year Built
1915
Price
$850,000
Price Per SF
$155
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
11’
Building FAR
1.78
Lot Size
0.07 AC
Opportunity Zone
Yes
Zoning
CN
Parking
2 Spaces (0.36 Spaces per 1,000 SF Leased)
Frontage
37 FT on Broad Ave
Amenities
- Bus Line
- Signage
Walk Score ®
Very Walkable (71)
Bike Score ®
Very Bikeable (88)
Nearby Major Retailers
1 of 22
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2557 Broad Ave
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