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405 Monroe Ave 11,816 SF Flex Building Memphis, TN 38103 $1,500,000 ($126.95/SF)

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Investment Highlights

Edge District, Downtown Memphis, Medical District
Retail front, Flex space w natural light, Apartment/Office/Loft

Sprinklered, New Roof, LED lighting, HVAC, Gated parking/entrance,

Executive Summary

Great 1031 Opportunity in The Edge District. Instant income-producing property. Poised in a growing District. BILLION DOLLAR HOSPITAL PROJECT PLANNED IN AREA. Large building with premier Art Gallery. Newly built out GYM 5,500 sft in center area of building. Full Loft/Living Quarters/Office (Currently vacant value-add space), in rear of building with modern finishes. Gym space has tall 16' clear heights, LED lighting and natural light via East/West windows. New large ADA Bathrooms. New TPO roof, Fully Sprinklered. Separate entrances for leased areas. Secure power gate for side entrance and parking. Alarmed. A real Jewel in the Edge District. Opportunity Zone. An Ocean of Residential and Commercial development, both completed and underway within the district. Income currently $9,000 per month net. *Apartment/Office with additional income opportunity.

Property Facts

Price	$1,500,000	Rentable Building Area	11,816 SF
Price Per SF	$126.95	No. Stories	1
Sale Type	Investment or Owner User	Year Built	1950
Property Type	Flex	Tenancy	Single
Property Subtype	Showroom Flex Research & Development OfficeLoft Creative Space	Parking Ratio	0.42/1,000 SF
Building Class	C	Clear Ceiling Height	16’
Lot Size	0.30 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	SE - Commercial Zoning

Price	$1,500,000
Price Per SF	$126.95
Sale Type	Investment or Owner User
Property Type	Flex
Property Subtype	Showroom Flex Research & Development OfficeLoft Creative Space
Building Class	C
Lot Size	0.30 AC
Rentable Building Area	11,816 SF
No. Stories	1
Year Built	1950
Tenancy	Single
Parking Ratio	0.42/1,000 SF
Clear Ceiling Height	16’
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	SE - Commercial Zoning