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481-487 S Main St 22,967 SF 100% Leased Industrial Building Memphis, TN 38103 For Sale
Investment Highlights
- Heavy 24/7 Foot Traffic
- South Main Section
- on Trolley Line
Executive Summary
3-2 story buildings (497-487 South Main Street) Sold only ALL AS ONE, (total 22,967 sq. ft.) in Existing Shell, AS IS, WHERE IS Condition and ALL CASH at Closing
total: .287 acre (75' X 166') Zoned SMS
2 Tax Parcels, 3-2 story Brick Buildings, 2 Grade Level Doors, there are a total of 5 separate Leased Apartments:
North Building: 479/481 has 2 Apartments on second floor walk-up, (front & rear access) and one (1) Apartment that is the East front of the first floor with No Basement,
Middle Building: 485 is in raw Shell condition that is wide open 1st & second floors walk-ups plus raw Basement; all is currently used as storage,
South Building: 487 100% Steel/Concrete with Brick Facade with rear in operable (West) Freight Elevator, entire 1st floor is storage with 2 Apartments on 2nd floor walk-up with No Basement,
collectively known as: 479, 481, 485 & 487 South Main for a total 22,963 sf Building Sold ONLY AS ONE!
total: .287 acre (75' X 166') Zoned SMS
2 Tax Parcels, 3-2 story Brick Buildings, 2 Grade Level Doors, there are a total of 5 separate Leased Apartments:
North Building: 479/481 has 2 Apartments on second floor walk-up, (front & rear access) and one (1) Apartment that is the East front of the first floor with No Basement,
Middle Building: 485 is in raw Shell condition that is wide open 1st & second floors walk-ups plus raw Basement; all is currently used as storage,
South Building: 487 100% Steel/Concrete with Brick Facade with rear in operable (West) Freight Elevator, entire 1st floor is storage with 2 Apartments on 2nd floor walk-up with No Basement,
collectively known as: 479, 481, 485 & 487 South Main for a total 22,963 sf Building Sold ONLY AS ONE!
Property Facts
| Sale Type | Investment or Owner User | Rentable Building Area | 22,967 SF |
| Property Type | Industrial | No. Stories | 2 |
| Property Subtype | Service | Year Built | 1923 |
| Building Class | C | Clear Ceiling Height | 23’ |
| Lot Size | 0.29 AC | No. Drive In / Grade-Level Doors | 2 |
| Zoning | CBD/SMS - South Main Section | ||
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | C |
| Lot Size | 0.29 AC |
| Rentable Building Area | 22,967 SF |
| No. Stories | 2 |
| Year Built | 1923 |
| Clear Ceiling Height | 23’ |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | CBD/SMS - South Main Section |
Amenities
- Bus Line
- Commuter Rail
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
About 481-487 S MAIN ST , MEMPHIS, TN 38103
Excellent Redevelopment Potential Multi-Level, Multi-Use Redevelopment Buy This Now!
1 1
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (70)
Property Taxes
| Parcel Numbers | Improvements Assessment | $127,800 | |
| Land Assessment | $110,960 | Total Assessment | $238,760 |
Property Taxes
Parcel Numbers
Land Assessment
$110,960
Improvements Assessment
$127,800
Total Assessment
$238,760
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481-487 S Main St
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