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Executive Summary

Value-Add Retail or Office Redevelopment
Rare opportunity to acquire a freestanding commercial building in the heart of Midtown's Medical District. Ideal for investors, owner-users, or developers seeking a repositioning opportunity in a rapidly growing corridor.
Freestanding 3,180 SF commercial building
6,000 SF lot
Located in the heart of Midtown's Medical District
Zoned CMU-3
Excellent value-add or redevelopment opportunity
Suitable for retail, office, medical, restaurant, or mixed commercial uses (subject to zoning)
High visibility on Madison Avenue with strong daily traffic
Minutes from major hospitals, Downtown Memphis, and Midtown amenities
Building offered As-Is
Position your next investment in one of Memphis' most active redevelopment corridors. Located in the heart of the Medical District, 1314 Madison Avenue offers a rare opportunity to acquire a freestanding commercial property with significant upside.
Situated on a 6,000-square-foot lot with approximately 3,180 square feet of existing improvements, this property is ideal for investors, developers, or owner-users looking to renovate, reposition, or redevelop. The flexible CMU-3 zoning supports a variety of commercial uses, including retail, office, medical, restaurant, and service-oriented businesses.
The property's location provides immediate access to the city's major healthcare institutions, Downtown Memphis, Midtown, and surrounding neighborhoods experiencing continued public and private investment. Whether you're seeking a value-add project, a future business location, or a long-term investment, this property offers exceptional potential.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
3,180 SF
Building Class
C
Year Built
1920
Price
$220,000
Price Per SF
$69.18
Tenancy
Single
Building Height
1 Story
Building FAR
0.53
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
CH - Retail
Parking
10 Spaces (3.14 Spaces per 1,000 SF Leased)
Frontage
34’ on Madison Ave

Amenities

  • Security System
  • Signage
Very walkable
80/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100

Nearby Major Retailers

Regions Bank
First Horizon Bank
Cook Out
Storage Sense
Krystal
Kroger
Sekisui Midtown
Truist
Cadence Bank
StretchLab

Property Taxes

Property Taxes

Parcel Number
01-7010-0-0014
Land Assessment
$20,400
Improvements Assessment
$35,560
Total Assessment
$55,960
  • Listing ID: 41395714

  • Date on Market: 7/22/2026

  • Last Updated:

  • Address: 1314 Madison Ave, Memphis, TN 38104

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