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2493 Broad Ave 16,246 SF 100% Leased Industrial Building Memphis, TN 38112 $2,200,000 ($135.42/SF)
Investment Highlights
- Prime Memphis Retail Conversion — 16,246 SF on Broad Ave. in Rapidly Redeveloping Arts District
- Surrounded by new urban development including apartments, restaurants, and retail.
- Located within federally designated Opportunity Zone (OZ), offering capital gains tax deferral/reduction and tax-free appreciation
- Flexible configuration: can be divided into 1–3 suites to maximize marketability
- Highly walkable corridor with new bike lanes and streetscape improvements
Executive Summary
To access due diligence, visit https://bracketre.com/listing/e66c5854-5255-4e46-bc9a-70d73003304e or www.Bracketre.com
Positioned in the heart of the Broad Avenue Arts & Retail District, 2493 Broad Ave presents a rare opportunity to capitalize on one of Memphis’ most dynamic redevelopment corridors. Originally operated as an industrial warehouse, the property has undergone a strategic transformation toward modern retail use, aligned with the neighborhood’s evolution into a walkable, creative, and amenity-driven destination.
The 16,246 SF building sits directly across from a major new multifamily development, and is surrounded by restaurants, boutique retail, creative studios, and new urban residential projects — benefitting from strong foot traffic, bike lanes, and ongoing public investment along Broad Avenue. A new $70,000 front patio installation and planned storefront window conversions position the asset for restaurants, breweries, entertainment concepts, and showroom or maker-retail tenants.
With multiple natural demising points, the property can be re-imagined as one, two, or three retail suites to maximize lease-up velocity and exit optionality.
To access due diligence, visit https://bracketre.com/listing/e66c5854-5255-4e46-bc9a-70d73003304e or www.Bracketre.com
Positioned in the heart of the Broad Avenue Arts & Retail District, 2493 Broad Ave presents a rare opportunity to capitalize on one of Memphis’ most dynamic redevelopment corridors. Originally operated as an industrial warehouse, the property has undergone a strategic transformation toward modern retail use, aligned with the neighborhood’s evolution into a walkable, creative, and amenity-driven destination.
The 16,246 SF building sits directly across from a major new multifamily development, and is surrounded by restaurants, boutique retail, creative studios, and new urban residential projects — benefitting from strong foot traffic, bike lanes, and ongoing public investment along Broad Avenue. A new $70,000 front patio installation and planned storefront window conversions position the asset for restaurants, breweries, entertainment concepts, and showroom or maker-retail tenants.
With multiple natural demising points, the property can be re-imagined as one, two, or three retail suites to maximize lease-up velocity and exit optionality.
To access due diligence, visit https://bracketre.com/listing/e66c5854-5255-4e46-bc9a-70d73003304e or www.Bracketre.com
Property Facts
| Price | $2,200,000 | Rentable Building Area | 16,246 SF |
| Price Per SF | $135.42 | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 1924 |
| Property Type | Industrial | Parking Ratio | 0.68/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 20’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.65 AC | Opportunity Zone |
Yes
|
| Zoning | CMU - Commercial Mixed-Use | ||
| Price | $2,200,000 |
| Price Per SF | $135.42 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.65 AC |
| Rentable Building Area | 16,246 SF |
| No. Stories | 2 |
| Year Built | 1924 |
| Parking Ratio | 0.68/1,000 SF |
| Clear Ceiling Height | 20’ |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | CMU - Commercial Mixed-Use |
Amenities
- Bus Line
- Fenced Lot
- Signage
Utilities
- Gas
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Floor
- 16,000 SF
- Retail
- Shell Space
- 30 Days
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 16,000 SF | Retail | Shell Space | 30 Days |
1st Floor
| Size |
| 16,000 SF |
| Space Use |
| Retail |
| Condition |
| Shell Space |
| Available |
| 30 Days |
1 1
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (84)
Property Taxes
| Parcel Number | 03-3018-0-0020 | Improvements Assessment | $444,080 |
| Land Assessment | $25,800 | Total Assessment | $469,880 |
Property Taxes
Parcel Number
03-3018-0-0020
Land Assessment
$25,800
Improvements Assessment
$444,080
Total Assessment
$469,880
Contacts
-
Brandon Colombo -
Daniel Dean -
Jonathan Diamond -
Jennifer Stein -
Bracket Real Estate, Inc.
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2493 Broad Ave
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