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405 Monroe Ave

11,816 SF Flex Building Memphis, TN 38103 For Sale

Investment Highlights

  • Edge District, Downtown Memphis, Medical District
  • Retail front, Flex space w natural light, Apartment/Office/Loft
  • Sprinklered, New Roof, LED lighting, HVAC, Gated parking/entrance,

Executive Summary

Great property in The Edge District. Large building with premier Art Gallery. Full Loft/Living Quarters in rear with modern finishes. Center portion of building approximately 5,500 square-feet is a blank canvas, with tall clear heights, LED lighting and natural light via many windows. This property lends itself to a multitude of uses. New TPO roof, Fully Sprinklered, two (2) roll up drive in doors. Separate entrances for all areas. Secure power gate for side entrance and parking. Alarmed. A real Jewel in the Edge District. Opportunity Zone. An Ocean of Residential and Commercial development, both completed and underway within the district.

Property Facts

Sale Type Investment or Owner User
Property Type Flex
Property Subtype
Showroom
  • Flex Research & Development
  • OfficeLoft Creative Space
Building Class C
Lot Size 0.30 AC
Rentable Building Area 11,816 SF
No. Stories 1
Year Built 1950
Tenancy Single
Parking Ratio 0.42/1,000 SF
No. Dock-High Doors/Loading 2
No. Drive In / Grade-Level Doors 2
Opportunity Zone Yes

Amenities

  • Fenced Lot
  • Security System
  • Signage
  • Air Conditioning
Walk Score ®
Very Walkable (76)
Bike Score ®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00-7004-0-0006
Land Assessment
$58,960
Improvements Assessment
$34,680
Total Assessment
$93,640

zoning

Zoning Code SE (Commercial Zoning)
SE (Commercial Zoning)
  • Listing ID: 32585150

  • Date on Market: 7/25/2024

  • Last Updated:

  • Address: 405 Monroe Ave, Memphis, TN 38103

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