65 W Carolina Ave 5,280 SF Industrial Building Memphis, TN 38103 $2,490,000 ($471.59/SF)

This property is locally known as the "South End" of Downtown Memphis. This section of Memphis was almost exclusively warehousing, distribution and light manufacturing light manufacturing. Approx. 20 years ago, a local development group acquired one of the largest (former) foodservice distribution facilities in Memphis and began working with the City to formulate a plan that would transform this area into a urban residential neighborhood. With public improvement commitments from the City and a tremendous amount of interest from the local residential community, "South End" was redeveloped to include multi-family , high-end condominiums and zero lot homes. From ground up developments and repurposing existing buildings from industrial uses to residential. The subject tract is one of the few remaining parcels in the area that is available and suitable for redevelopment. Owner occupied facility would consider a lease under the right circumstances.