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2493 Broad Ave 16,246 SF 100% Leased Industrial Building Memphis, TN 38112 For Sale
INVESTMENT HIGHLIGHTS
- 16,246 SF building on Broad Ave — core Memphis arts & retail district
- Surrounded by new urban development — apartments, restaurants, creative retail. Directly across from new urban development/apartment complex
- Ideal uses: restaurant, brewery, food hall, entertainment, boutique retail, creative showroom, studio
- Flexible configuration: can be divided into 1–3 suites to maximize marketability
- Gentrifying area with strong retail fundamentals
- 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.
This generational urban infill asset offers a compelling value-add opportunity to reposition and lease into a gentrifying district where retail rents are achieving $14–$17/SF NNN and recent trades approach $150–$250+/SF for stabilized retail product.
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.
This generational urban infill asset offers a compelling value-add opportunity to reposition and lease into a gentrifying district where retail rents are achieving $14–$17/SF NNN and recent trades approach $150–$250+/SF for stabilized retail product.
PROPERTY FACTS
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Property Type | Industrial | Year Built | 1924 |
| 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
|
| Rentable Building Area | 16,246 SF | ||
| Zoning | CMU - Commercial Mixed-Use | ||
| 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 |
| 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
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Best Loading Services Inc.
- -
- -
- -
- -
-
- Accommodation and Food Services
- -
- -
- -
Locally and female owned cigar lounge, also serving finger foods, beer, wine and cocktails. Located in Memphis, Tennessee.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Best Loading Services Inc. | - | - | - | - | ||
|
|
Accommodation and Food Services | - | - | - |
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 (86)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $447,120 | |
| Land Assessment | $35,520 | Total Assessment | $482,640 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$35,520
Improvements Assessment
$447,120
Total Assessment
$482,640
CONTACTS
-
Brandon Colombo -
Daniel Dean -
Jonathan Diamond -
Jennifer Stein -
Bracket Real Estate, Inc.
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2493 Broad Ave
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