397 S Front St, Memphis, TN, 38103 - Available for Sale

Industrial For Sale

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397 S Front

397 S Front St, Memphis, TN 38103

$675,000

31,500 SF | Industrial

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Industrial Property For Sale Get Financing

Price:
$675,000
Building Size:
31,500 SF
Price/SF:
$21.43
Property Type:
Industrial
Property Sub-type:
Warehouse
Property Use Type:
Vacant/Owner-User
Commission Split:
3%
No. Stories:
2
Year Built:
1935
Clear Ceiling Height:
12 ft.
Dock-High Doors/Loading:
2
Lot Size:
18,000 SF
Listing ID
17486997
Last Updated
3 days ago

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Utilities

  • Electricity/Power

Highlights

  • Downtown Memphis Warehouse
  • Multifamily Development Opportunity
  • South Main Historic District
  • Loft Apartment Conversion Opportunity

Description

This is an approximately 32,000 square foot 2 story warehouse. This could be used for a simple warehouse use or has a great potential to be converted to Loft Apartments. There is currently about 4500 sf of office/showroom space and the rest of the building is open warehouse with approx 16 to 20 foot column spacing. The building is solid concrete with concrete columns and had a 3rd floor at one time. This building could easily support another floor or two of wood construction ( we are not structural engineers and this is our opinion based on previous experience and asking people in the know on this subject)

This property is located in the South Main Historic District area just one block from the Trolley line to the east and one block from the River Bluff to the west. There 4 residential condo developments within 100 yards of this property and million dollar homes on Tennessee Street just a block to the west. This is an excellent opportunity to for a small mulitfamily development.

Map of 397 S Front St, Memphis, TN 38103 (Shelby County)

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Asking Price Index Trends for Memphis, TN Industrial For Sale

  Mar 14 vs. 3 mo.
prior
Y-O-Y
-
State
$37.35-0.2%+2.7%
-
Metro
$30.06-6.3%-4.2%
-
County
$28.59-7.6%-4.1%
-
City
$28.08-4.8%-2.1%

View Memphis Market Trends for other property types for sale or lease. Learn more about the chart info.

Created 1/16/2012
397 S Front
  • Industrial
  • $675,000
  • 31,500 SF