3400 Chelsea AveMemphis, TN 38108

  • Industrial properties
  • 121,600 SF
For Lease
$2.80/SF/YR View listing

Property Details for 3400 Chelsea Ave

Year built
1955
Lot size
6.69 AC
Property size (Sq ft)
121,600 SF
Zone code
IH
Property type
Industrial properties
Property subtype
Other warehouses
APN
043-047- - -00015
APU
4304700015

Description

This exceptional 161,000-square-foot industrial warehouse, situated at 3400 Chelsea Ave, presents a significant leasing opportunity. The property, constructed in 1955 and renovated in 2010, is classified as Class C and boasts a single building encompassing multiple suites. Currently, 51,500 square feet of warehouse space is available for lease, offering a maximum contiguous space of 161,000 square feet. The building features a functional layout with 50' x 50' column spacing, providing ample room for various industrial operations. High ceilings, measuring 20 feet, accommodate substantial storage or manufacturing needs. Loading and unloading are facilitated by eight dock-high doors and eight loading docks. The space includes 300 square feet of office space, expandable to meet specific requirements. Essential features include wet sprinklers and three-phase, 480V power. The property is zoned I-H (Heavy Industrial), making it suitable for a wide range of industrial uses. This prime location offers easy access to major transportation routes, enhancing logistical efficiency. The available space provides a unique opportunity for businesses seeking a versatile and well-equipped industrial facility. Contact us today to schedule a viewing and explore the possibilities.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $20,054,386
    Hospitality
    $18,369,710
    Educational
    $15,283,383
    Medical
    $15,809,002
    Retail
    $23,774,150
3400 Chelsea Ave, Memphis, Tennessee

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.1748
Longitude
-89.9471
CBSA code
32820
CBSA name
MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$22,122
$71,680
$291,480
$363,160
-
$179,200
$728,700
$907,900

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