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2493 Broad Ave 16,246 SF 100% Leased Retail Building Memphis, TN 38112 $1,600,000 ($98.49/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: 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
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. 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 — benefiting from strong foot traffic, bike lanes, and ongoing public investment along Broad Avenue.
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
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. 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 — benefiting from strong foot traffic, bike lanes, and ongoing public investment along Broad Avenue.
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
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Building Size
16,246 SF
Building Class
C
Year Built
1924
Price
$1,600,000
Price Per SF
$98.49
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.57
Lot Size
0.65 AC
Opportunity Zone
Yes
Zoning
CMU - Commercial Mixed-Use
Parking
11 Spaces
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
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
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2493 Broad Ave
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