This Industrial property is For Sale.

397 S Front St
Memphis, TN 38103 ·

36,600 SF · Industrial For Sale

$750,000

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397 and 391 S Front

Price $750,000 No. Stories 2
Building Size 36,600 SF Year Built 1935
Price/SF $20.49 Clear Ceiling Height 12 ft.
Property Type Industrial No. Dock-High Doors/Loading 2
Property Sub-type Warehouse Lot Size 24,000 SF
Property Use Type Vacant/Owner-User Features Electricity/Power
Commission Split 3%
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Listing ID: 17486997 Date Created: 01/16/2012 Last Updated: 12/10/2015

Description

This is an approximately 32,000 square foot 2 story warehouse plus a 5,100 sf warehouse adjoining at 391 S Front. (PRICE INCLUDES BOTH BUILDINGS) This could be used for a simple warehouse use or has a great potential to be converted to Loft Apartments are create parking on the Lot of the 5100 sf warehouse at 391 S Front (lot on 391 S Front is 30 x 200). The main building at 397 S Front has 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.

Highlights

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

Utilities

  • Electricity/Power

Research

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

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