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619 Madison Ave

3,503 SF 100% Leased Retail Building Memphis, TN 38103 $499,000 ($142/SF)

Executive Summary

A unique commercial property location: South Bluffs/Downtown. Great opportunity for a small business owner. Previously used as an auto service garage. Once was the original Jack Morris Auto Glass Co. Has a cement block building in need of renovation.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,503 SF
Building Class
C
Year Built
1948
Price
$499,000
Price Per SF
$142
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Land Acres
0.31 AC
Opportunity Zone
Yes
Zoning
CBD
Parking
15 Spaces (4.28 Spaces per 1,000 SF Leased)
Frontage
118 FT on Madison Ave

Amenities

  • Bus Line
  • Restaurant
  • Signage
Walk Score ®
Very Walkable (71)
Bike Score ®
Very Bikeable (77)
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.®

Nearby Major Retailers

CrossFit
Regions Bank
Checkers
First Horizon Bank
Starbucks
Hooters
Truist
Shred415
Lennys Grill & Subs
Texas de Brazil

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00-7033-0-0002
Land Assessment
$49,840
Improvements Assessment
$9,080
Total Assessment
$58,920
  • Listing ID: 30936614

  • Date on Market: 2/12/2024

  • Last Updated:

  • Address: 619 Madison Ave, Memphis, TN 38103

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