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1199 Thomas St 109,340 SF 100% Leased Industrial Building Memphis, TN 38107 For Sale
Investment Highlights
- This flexible space benefits from strong transportation connectivity and visibility!
Executive Summary
Nestled in the heart of North Memphis, 1199 Thomas St is a prime industrial gem, perfect for businesses looking to tap into the city’s vibrant logistics and manufacturing scene. This hefty property spans approximately 207,036 square feet of land, with a robust three (3) building footprint of around 109,000 square feet, designed for manufacturing and milling operations. Zoned EMP (Employment) under Memphis’s Unified Development Code, it’s a versatile space ideal for light industrial activities, warehousing, or even office setups, with development standards that ensure flexibility for your business vision. Located in the 38107 ZIP code, it’s strategically positioned near major infrastructure like I-40, making it a logistical dream for distribution or supply chain operations.
Property Facts
| Sale Type | Investment or Owner User | Rentable Building Area | 109,340 SF |
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Warehouse | Year Built | 1940 |
| Building Class | C | Clear Ceiling Height | 40’ |
| Lot Size | 2.65 AC | No. Drive In / Grade-Level Doors | 3 |
| Zoning | EMP - Industrial Heavy | ||
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.65 AC |
| Rentable Building Area | 109,340 SF |
| No. Stories | 1 |
| Year Built | 1940 |
| Clear Ceiling Height | 40’ |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | EMP - Industrial Heavy |
Amenities
- Bus Line
- Fenced Lot
- Signage
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 03-9008-0-0003C | Improvements Assessment | $262,680 |
| Land Assessment | $41,400 | Total Assessment | $304,080 |
Property Taxes
Parcel Number
03-9008-0-0003C
Land Assessment
$41,400
Improvements Assessment
$262,680
Total Assessment
$304,080
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1199 Thomas St
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