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Historic Memphis Property 18,850 SF Value-Add 1110 Faxon Ave 18,850 SF Specialty Building Online Auction Sale Memphis, TN 38105
Matterport 3D Tours
Investment Highlights
- Buyers will want to capitalize on this former religious facility perched in the Speedway Terrace Historic District of Memphis, Tennessee.
- Former church, this property can be easily converted to suit a variety of uses based on the new owner’s vision.
- Area demographics within 1 mile bode well for future development, with a population on the rise and consumer spending exceeding $128 million.
- Close to Interstate 40 and N Watkins Street, which are major connectors for the area, facilitating easy and efficient commutes to the property.
- Positioned in a dense residential area near local establishments such as Smoky City BBQ, Memphis Toast, Crosstown Brewing Co., and more.
Executive Summary
1110 Faxon Avenue is a premier opportunity for investors and developers seeking their next acquisition.
This impressive 18,850-square-foot former church, built in 1912, stands as a landmark in the Speedway Terrace Historic District. Spanning three spacious stories, the building offers versatile and efficient floor plans. 1110 Faxon Avenue's striking exterior combines classic brickwork and expansive windows, providing both curb appeal and natural light. Multiple entrances allow for seamless access, enhancing convenience for future tenants or visitors. Inside, the main sanctuary dazzles with beautiful stained glass. Numerous educational rooms and a large parish hall offer endless possibilities for adaptive reuse, whether as community spaces, offices, or modern residential units. The property is zoned RU-3 (Residential Urban - 3), a district designed for high-density residential development, supporting multifamily dwellings and fostering vibrant, central urban growth. With its historic charm, flexible layout, and progressive zoning, this property is primed for investors and developers ready to reimagine its next chapter. Whether for luxury apartments, coworking spaces, or innovative mixed-use projects, 1110 Faxon Avenue is a blank canvas.
Located in North Memphis, the Speedway Terrace Historic District is an area characterized by abundant greenery and a peaceful residential atmosphere. Proximity to Interstates 40 and 69 ensures convenient access to major thoroughfares. Notable nearby destinations include Col. Luke Weathers VA Medical Center and St. Jude Children's Research Hospital. The property also offers easy access to a variety of retailers and services, including national brands such as Kroger, Walgreens, and Chick-fil-A, as well as local establishments like Cozy Corner Restaurant and Twins Food Mart.
Memphis is considered a top market for investment, serving as a major economic hub in the southeastern United States. Its economy is strong in logistics, manufacturing, corporate services, and food production. The city hosts large companies such as FedEx, AutoZone, and International Paper. The Port of Memphis, situated on the Mississippi River, enhances the area's multimodal transportation by supporting barge traffic and bulk cargo, which works alongside the city's rail and highway systems.
Property tours are available by appointment only. Please contact the listing broker to schedule.
This impressive 18,850-square-foot former church, built in 1912, stands as a landmark in the Speedway Terrace Historic District. Spanning three spacious stories, the building offers versatile and efficient floor plans. 1110 Faxon Avenue's striking exterior combines classic brickwork and expansive windows, providing both curb appeal and natural light. Multiple entrances allow for seamless access, enhancing convenience for future tenants or visitors. Inside, the main sanctuary dazzles with beautiful stained glass. Numerous educational rooms and a large parish hall offer endless possibilities for adaptive reuse, whether as community spaces, offices, or modern residential units. The property is zoned RU-3 (Residential Urban - 3), a district designed for high-density residential development, supporting multifamily dwellings and fostering vibrant, central urban growth. With its historic charm, flexible layout, and progressive zoning, this property is primed for investors and developers ready to reimagine its next chapter. Whether for luxury apartments, coworking spaces, or innovative mixed-use projects, 1110 Faxon Avenue is a blank canvas.
Located in North Memphis, the Speedway Terrace Historic District is an area characterized by abundant greenery and a peaceful residential atmosphere. Proximity to Interstates 40 and 69 ensures convenient access to major thoroughfares. Notable nearby destinations include Col. Luke Weathers VA Medical Center and St. Jude Children's Research Hospital. The property also offers easy access to a variety of retailers and services, including national brands such as Kroger, Walgreens, and Chick-fil-A, as well as local establishments like Cozy Corner Restaurant and Twins Food Mart.
Memphis is considered a top market for investment, serving as a major economic hub in the southeastern United States. Its economy is strong in logistics, manufacturing, corporate services, and food production. The city hosts large companies such as FedEx, AutoZone, and International Paper. The Port of Memphis, situated on the Mississippi River, enhances the area's multimodal transportation by supporting barge traffic and bulk cargo, which works alongside the city's rail and highway systems.
Property tours are available by appointment only. Please contact the listing broker to schedule.
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- Operating and Financials
- Purchase Agreement
Property Facts
| Sale Type | Investment | Lot Size | 0.41 AC |
| Sale Condition | Auction Sale | Building Size | 18,850 SF |
| Type of Ownership | Fee Simple | No. Stories | 3 |
| Property Type | Specialty | Year Built | 1912 |
| Property Subtype | Religious Facility | Opportunity Zone |
Yes
|
| Building Class | C | Parcel Number | 02-1020-0-0024 |
| Zoning | RU-3 | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Specialty |
| Property Subtype | Religious Facility |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 18,850 SF |
| No. Stories | 3 |
| Year Built | 1912 |
| Opportunity Zone |
Yes |
| Zoning | RU-3 |
| Parcel Number | 02-1020-0-0024 |
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Sale Advisors
Sale Advisors
Betty Brown, Listing Agent Vantage Real Estate Services
As a long-time resident and member of the local West TN real estate community, Betty Brown understands the complexities of navigating the competitive real estate market to locate and settle into this beautiful area. Her focus as a realtor is simple: she is dedicated to ensuring her clients have a memorable and positive experience while pursuing their real estate goals. She prides herself on her ability to advise, educate and guide families into finding their dream homes and helping clients to build their generational wealth.
With over 35 years industry experience, Betty has continually demonstrated excellent customer service; treating her clients with care and respect, communicating with them regularly, and always availing herself to answer any questions they may have. She's able to draw on her expert negotiation skills – refined over hundreds of transactions – to negotiate and advocate in the best interest of her clients and their budget. And, as an ambitious and goal-oriented marketer; she will endlessly drive to help her seller clients to sell their property listings for top dollar within their desired turnaround time. These attributes have earned Betty respect and recognition among her peers and enabled her to sell new homes for national builders where she's been named salesperson of the year twice. More importantly, she is complimented most for her great work ethic and patience; qualities that have allowed clients to be comfortable working with her, feel genuinely cared for, and get assured that she will walk with them from the start to the end and after the transaction. Ultimately there is nothing more gratifying in her work than seeing the joy in her clients' eyes when they find their new homes and meet their real estate goals.
When Betty is not busy chasing her clients' goals, she enjoys playing with her grandchildren, going to the gym, and walking for better health.
As a Homes.com Member Agent, you can be assured that when listing with me, your property will get the spotlight it deserves. With maximum exposure for your home, not only on Homes.com but also across the web, your property will reach millions of potential buyers. Connect with me to learn more about how I can help!
With over 35 years industry experience, Betty has continually demonstrated excellent customer service; treating her clients with care and respect, communicating with them regularly, and always availing herself to answer any questions they may have. She's able to draw on her expert negotiation skills – refined over hundreds of transactions – to negotiate and advocate in the best interest of her clients and their budget. And, as an ambitious and goal-oriented marketer; she will endlessly drive to help her seller clients to sell their property listings for top dollar within their desired turnaround time. These attributes have earned Betty respect and recognition among her peers and enabled her to sell new homes for national builders where she's been named salesperson of the year twice. More importantly, she is complimented most for her great work ethic and patience; qualities that have allowed clients to be comfortable working with her, feel genuinely cared for, and get assured that she will walk with them from the start to the end and after the transaction. Ultimately there is nothing more gratifying in her work than seeing the joy in her clients' eyes when they find their new homes and meet their real estate goals.
When Betty is not busy chasing her clients' goals, she enjoys playing with her grandchildren, going to the gym, and walking for better health.
As a Homes.com Member Agent, you can be assured that when listing with me, your property will get the spotlight it deserves. With maximum exposure for your home, not only on Homes.com but also across the web, your property will reach millions of potential buyers. Connect with me to learn more about how I can help!
Erika Francis,
Agent
In today's Prime Real Estate Market, you need to work with a Professional you can trust. I am a dedicated Real Estate Professional and Realtor/ Broker. I will provide you with the absolute finest service and expertise possible.<br />I am a Real Estate Broker who focuses on solutions and satisfaction for each of my client’s unique situations. Whether you are looking for your first home, an investment property or a rental. I believe in effective communication with each of my clients throughout the entire process and strive to build a relationship that continues long after your transaction is closed. I am committed to earning your business and respect every time you choose to do business with me and refer others to engage my services.<br /><br />I look forward to better understanding your real estate needs and finding the best property for your needs. My goal is to help you be satisfied with each transaction. My clients are my best resource for new business and my service is a key to success in helping me earn your referrals<br />I view my relationship with my clients as a true partnership and look out for their best interest. In addition, I would like to satisfy all of your needs and wants in a home. I understand the conditions of the market and believe in helping my clients to the best of my ability. I am a Certified Distress Property Expert (CDPE), and have recently helped several of my clients avoid foreclosure by going the route of a Short Sale. I love what I do and I strive to make the experience enjoyable and even fun. I am a Team Leader and part of the Top Producing Team ( Prime Time Realty Group ) in one of Atlanta's Top Real Estate Offices Century 21, Intown located in Atlanta Georgia. I look forward to the opportunity to earn your business and I am confident you will be very happy!<br />
About the Auction Technology
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Auction Contact
Marlo Lashley
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 265318. (888) 952-6393
Contacts
-
Vantage Real Estate Services Betty Brown -
Erika
Francis
- Vantage Real Estate Services
1 of 23
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Historic Memphis Property 18,850 SF Value-Add | 1110 Faxon Ave
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