For Sale
$1,187,000

61 Georgia AveMemphis, TN 38103

Historic Warehouse, 57,500 SF, Development Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional mixed-use property at 61 W Georgia Ave in Memphis, Tennessee presents a compelling development opportunity. The 57,500 square foot building, constructed in 1900, sits on a sizable 0.59-acre lot and is currently vacant. Its permitted zoning, SCBID - Bluffview Residential, allows for a variety of uses, making it ideal for conversion into residential units, office space, or retail establishments. The property's substantial size and prime location in Shelby County, zip code 38103, offer significant potential for a high return on investment. The asking price is $1,187,000, translating to a price per square foot of $20.64. The property's unique character and flexible zoning regulations make it an attractive prospect for developers seeking a project with substantial upside. The property's APN is 002088 00002C. This is a single-building property with significant potential for redevelopment in a vibrant Memphis neighborhood. The opportunity to acquire a large, well-located property with flexible zoning is rare and should not be missed. This is a chance to create a landmark development in a growing area of Memphis.

Property Details for 61 Georgia Ave

Property type
Mixed-use properties
Square Feet
57,500 SF
Year Built
1900
Buildings
1
Lot Size (sq. ft)
25,700 SF

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.129411004447
Longitude
-90.064508535842
61 Georgia Ave, Memphis, Tennessee

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61 Georgia Ave
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