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690-708 Dr MLK Jr Blvd 690 Linden Ave 92,315 SF 100% Leased Industrial Building Memphis, TN 38126 $950,000 ($10.29/SF)

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Executive Summary

Approximately 90,000 square feet of buildings on 2.19 acres of land. 2 building are 2 story and all concrete. one section is wood and 1 level. Great property for Mini Storage or Apartment Development. Buildings have been vacant for years and will need complete renovation. See attached plans and survey.

708 DrMLK Blvd Flyer Final 1.5.25

1st Floor Plan

2nd Floor Plan

708 MARTIN LUTHER_Survey existing conditions

Property Facts

Price	$950,000	Rentable Building Area	92,315 SF
Price Per SF	$10.29	No. Stories	2
Sale Type	Investment or Owner User	Year Built	1930
Property Type	Industrial	Parking Ratio	0.11/1,000 SF
Property Subtype	Warehouse OfficeLoft Creative Space	No. Dock-High Doors/Loading	5
Building Class	C	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.
Lot Size	2.19 AC
Zoning	CBID-RU-4 - Central Business Improvement District - Residential Urban-4 Previously Approved for Mini Storage Use

Price	$950,000
Price Per SF	$10.29
Sale Type	Investment or Owner User
Property Type	Industrial
Property Subtype	Warehouse OfficeLoft Creative Space
Building Class	C
Lot Size	2.19 AC
Rentable Building Area	92,315 SF
No. Stories	2
Year Built	1930
Parking Ratio	0.11/1,000 SF
No. Dock-High Doors/Loading	5
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	CBID-RU-4 - Central Business Improvement District - Residential Urban-4 Previously Approved for Mini Storage Use