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Crane Co. Building of Memphis 254 Court Ave 53,736 SF 94% Leased Office Building Memphis, TN 38103 For Sale
Investment Highlights
- Fully renovated Class A office tower in the heart of Downtown Memphis.
- Flexible office configurations support a wide range of professional users.
- cent infrastructure upgrades include HVAC controls, dual fiber service, and building-wide Wi-Fi.
- Currently 85% leased to a diverse mix of legal and technology tenants.
- Adjacent private gated parking lot provides 43 dedicated parking spaces.
- Walkable to the Shelby County Courthouse, Memphis Justice Center, and St. Jude.
Executive Summary
Designed with hospitality and productivity in mind, the property features custom-built workstations, natural light-filled offices, and glass-separated collaborative layouts. On-site amenities include private catering services, zero-trust security with 24/7 key-card access, HD surveillance, and private gated surface parking. With a strong rental history and financing available, this is a premier value-add investment opportunity in a thriving downtown market.
254 Court Avenue meets current building and fire codes and is ADA compliant. Infrastructure upgrades include fire sprinkler coverage, fire detection and alarm monitoring, and comprehensive security alarm coverage. The Crane Co. Building of Memphis features Cat 5 wiring, building-wide Wi-Fi, and dual fiber service, offering seamless connectivity. In 2023, a new HVAC central controller system and individual unit controls were installed, enhancing energy efficiency. The offering includes an adjacent private gated parking lot with 43 spaces.
Strategically located in the legal and civic core of Downtown Memphis, the property offers exceptional access to major interstates, including Interstates 40, 55, and the 240 Loop, just minutes away via Danny Thomas Boulevard. Walkable to the Shelby County Courthouse, Memphis Justice Center, and St. Jude, the building also sits near major attractions like AutoZone Park, FedEx Forum, the YMCA, and a wide range of restaurants and coffee shops. This central downtown location is surrounded by key institutions, a growing talent base, and ongoing urban revitalization efforts.
With its strong occupancy, modern amenities, and premium location, the Crane Co. Building of Memphis stands as a rare investment asset in one of the city's most dynamic profes
Property Facts
Amenities
- Bus Line
- Signage
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
EXEC furnished offices of square feet are available for $555 per month with a 3-month minimum term, including all utilities and amenities except parking.
EXEC furnished offices of square feet are available for $575 per month with a 12-month minimum term, including all utilities and amenities except parking.
Two combined offices totaling 260 square feet are available for $625 per month with a 12-month minimum term, including all utilities and amenities except parking.
Beautiful TECH-style office of approximately 300 square feet available at $825/m May be combined with #405 - #409 up to 2000 sf - Call for price
Built out TECH-style office with 8 work stations, large conference room (or large office) & reception area, Everything included for $1,350/m This space may be combined with #418 for 1,650 sf. See #416 for details.
Built out TECH-style furnished office with reception room. Everything included for $420/m. No windows.
Built out TECH-style furnished office with reception room. Everything included for $420/m. No windows.
A 145-square-foot Luxe office, ideal for professionals, is available unfurnished for $625 per month. A furnished option is available for an additional $50 per month.
Suite 513 is a large 520-square-foot LUXE double office available for $1,450 per month. Add Suite 514, which is 420 square feet, for a combined total of 940 square feet at $2,150 per month. Everything is included except parking.
| Space | Size | Space Use | Build-Out | Available |
| 2nd Fl-Ste 202 | 130 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 215 | 145 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 216 | 260 SF | Office | Full Build-Out | Now |
| 4th Fl-Ste 407 | 300 SF | Office | Full Build-Out | Now |
| 4th Fl-Ste 418 | 870 SF | Office | Full Build-Out | Now |
| 4th Fl-Ste 421 | 150 SF | Office | Full Build-Out | Now |
| 4th Fl-Ste 422 | 150 SF | Office | Full Build-Out | Now |
| 5th Fl-Ste 503 | 145 SF | Office | Full Build-Out | Now |
| 5th Fl-Ste 513 | 530-950 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 202
| Size |
| 130 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 215
| Size |
| 145 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 216
| Size |
| 260 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste 407
| Size |
| 300 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste 418
| Size |
| 870 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste 421
| Size |
| 150 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste 422
| Size |
| 150 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
5th Fl-Ste 503
| Size |
| 145 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
5th Fl-Ste 513
| Size |
| 530-950 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 202
| Size | 130 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
EXEC furnished offices of square feet are available for $555 per month with a 3-month minimum term, including all utilities and amenities except parking.
2nd Fl-Ste 215
| Size | 145 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
EXEC furnished offices of square feet are available for $575 per month with a 12-month minimum term, including all utilities and amenities except parking.
2nd Fl-Ste 216
| Size | 260 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Two combined offices totaling 260 square feet are available for $625 per month with a 12-month minimum term, including all utilities and amenities except parking.
4th Fl-Ste 407
| Size | 300 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Beautiful TECH-style office of approximately 300 square feet available at $825/m May be combined with #405 - #409 up to 2000 sf - Call for price
4th Fl-Ste 418
| Size | 870 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Built out TECH-style office with 8 work stations, large conference room (or large office) & reception area, Everything included for $1,350/m This space may be combined with #418 for 1,650 sf. See #416 for details.
4th Fl-Ste 421
| Size | 150 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Built out TECH-style furnished office with reception room. Everything included for $420/m. No windows.
4th Fl-Ste 422
| Size | 150 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Built out TECH-style furnished office with reception room. Everything included for $420/m. No windows.
5th Fl-Ste 503
| Size | 145 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
A 145-square-foot Luxe office, ideal for professionals, is available unfurnished for $625 per month. A furnished option is available for an additional $50 per month.
5th Fl-Ste 513
| Size | 530-950 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Suite 513 is a large 520-square-foot LUXE double office available for $1,450 per month. Add Suite 514, which is 420 square feet, for a combined total of 940 square feet at $2,150 per month. Everything is included except parking.
Demographics
Demographics
Property Taxes
| Parcel Number | 00-2027-0-0012C | Improvements Assessment | $40 |
| Land Assessment | $360 | Total Assessment | $400 |
Property Taxes
Contact the Sale Advisor
Crane Co. Building of Memphis | 254 Court Ave