1670 Century Center PkwyMemphis, TN 38134

Property Details for 1670 Century Center Pkwy

Year built

2004

Lot size

5.67 AC

Property size (Sq ft)

38,200 SF

Zone code

RU-2

Property type

Office properties

Property subtype

Office buildings

APN

089-046- - -00036

APU

8904600036

Description

This exceptional 33,688-square-foot warehouse space, located within the Century Center Building G in Shelby County, presents a unique leasing opportunity. Currently available as a single unit, this industrial property offers impressive flexibility, with divisibility options into two spaces: 14,882 square feet or 18,806 square feet, catering to diverse business needs. The building boasts a prime location, offering convenient access to Bartlett, Cordova, and East Memphis, ensuring seamless connectivity for employees and clients. Enjoy the benefits of a business park setting, surrounded by top-tier corporate neighbors, fostering a professional and productive environment. Security is a top priority, with 24/7 roving security and multiple SkyCop cameras providing peace of mind. The single-story building features an open floor plan, an inviting reception area, and a large breakroom, enhancing employee comfort and collaboration. Additional amenities include a powerful 500 kW generator for reliable power and prominent building signage opportunities for increased brand visibility. Ample parking is provided with 202 dedicated spaces, offering a generous 6 spaces per 1,000 square feet of leased space. The property is professionally managed and maintained, ensuring a smooth and efficient operational experience. This is an ideal location for businesses seeking a modern, secure, and well-equipped warehouse space in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $5,504,014

  6.5%

  $5,080,629

  7%

  $4,717,726

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,978,072

  Geo Method

  $2,978,072

• Alternative Use

  Use

  Valuation

  Residential

  $6,299,980

  Hospitality

  $5,770,748

  Educational

  $4,801,194

  Medical

  $4,966,314

  Retail

  $7,468,524

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.171

Longitude

-89.8419

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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