For Sale
$1,500,000

119 Court AveMemphis, TN 38103

Historic Memphis Office Building, 15,455 SF

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional five-story, 15,455-square-foot office building, located at 119 S Ct Ave in Memphis, Tennessee's Central Business District (CBID), presents a unique investment opportunity. Built in 1917, this historic brick and limestone structure boasts significant character and overlooks Court Square Park. The property currently features a mix of office, retail, and shell space. The first and second floors underwent complete renovations in 2005 and have served as a bank branch and offices, including a drive-through and drop box. These floors are ready for immediate occupancy. The third and fourth floors are in shell condition, offering significant potential for renovation into additional commercial space or residential units. Major building systems have been updated, including a new roof, insulation, and boiler installed in 2004, and a new hot water pump within the last five years. The 0.062-acre lot provides ample space for this prominent building. The asking price is $1,500,000, translating to $97.06 per square foot. This property offers a blend of historic charm and modern functionality, making it an ideal investment in the heart of Memphis. The permitted zoning allows for a variety of uses, maximizing the potential return on investment.

Highlights

  • $1,500,000 Asking Price
  • 15,455 Square Foot Office Building
  • $97.06 Price Per Square Foot
  • 1917 Year Built, 5-Story Building
  • Central Business District Zoning, 0.062-acre lot in Memphis, TN
  • Located at 119 S Ct Ave, Memphis, TN 38103

Property Details for 119 Court Ave

Property type
Office properties
Square Feet
15,455 SF
Year Built
1917
Buildings
1
Stories
5
Lot Size (sq. ft)
2,701 SF

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.1454266
Longitude
-90.0519359
119 Court Ave, Memphis, Tennessee

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119 Court Ave
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