1600 Century Center PkwyMemphis, TN 38134

Property Details for 1600 Century Center Pkwy

Year built

1996

Lot size

5.01 AC

Property size (Sq ft)

93,788 SF

Zone code

RU-2

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

089-046- - -00023

APU

8904600023

Description

This exceptional industrial warehouse property, located at 1600 Century Center Parkway in Shelby County, offers a substantial 94,000 square feet of space, currently configured as a single suite. A significant portion of the building, totaling 19,000 square feet, is immediately available for lease. The warehouse boasts a generous 25-foot ceiling height, providing ample vertical storage capacity. Convenient loading and unloading is facilitated by one dock-high door and one drive-in door. The property is classified as multi-tenant, although the entire building is currently under a single occupancy. The current sublease agreement expires on March 31, 2026, presenting a unique opportunity for a tenant seeking a substantial space with immediate availability. This prime location in Shelby County offers excellent access to major transportation routes, making it an ideal choice for businesses requiring efficient logistics and distribution capabilities. The substantial square footage, high ceilings, and convenient loading features make this warehouse suitable for a wide range of industrial and commercial uses. Interested parties are encouraged to inquire promptly to secure this exceptional opportunity. The property is categorized as industrial, with a warehouse subtype, and is suitable for commercial use.

• CAP approach

  CAP return

  Valuation

  6%

  $16,756,572

  6.5%

  $15,467,605

  7%

  $14,362,776

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,333,154

  Geo Method

  $11,333,154

• Alternative Use

  Use

  Valuation

  Residential

  $15,467,605

  Hospitality

  $14,168,243

  Educational

  $11,787,812

  Medical

  $12,193,213

  Retail

  $18,336,596

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.1693

Longitude

-89.8451

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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