532 Cooper StMemphis, TN 38104

Property Details for 532 Cooper St

Year built

1920

Construction

FRAME

Lot size

0.18 AC

Property size (Sq ft)

1,556 SF

Zone code

CMU-3

Property type

Retail properties

Property subtype

Retail space

APN

028-009- - -00024

APU

2800900024

Description

This exceptional 2,780-square-foot single-tenant property, located at 532 Cooper Street in Memphis, Tennessee, 38104, presents a unique opportunity. Built in 1920, this one-story building offers a blend of creative and traditional office space, ideal for a variety of businesses. The property is situated in Midtown's vibrant Overton Square/Cooper-Young submarket, a thriving cultural hub. Its CMU zoning allows for flexibility. The building's proximity to numerous acclaimed restaurants (including Bari, Slider Inn, Cafe 1912, and Alchemy) and attractions like the Cooper-Young district, Overton Square, Memphis Zoo, and Overton Park, provides a desirable work-live-play environment. The entire 2,780 square feet is currently vacant, offering immediate occupancy. The address is easily accessible via Peabody Street. This location offers a unique blend of business and leisure, perfect for tenants seeking a vibrant and convenient urban setting. The property is categorized as Retail, Office, and Restaurant, reflecting its versatile potential.

• CAP approach

  CAP return

  Valuation

  6%

  $329,567

  6.5%

  $304,215

  7%

  $282,486

• Comparable approach

  Method

  Valuation

  Relative Method

  $305,690

  Geo Method

  $305,690

• Alternative Use

  Use

  Valuation

  Residential

  $256,617

  Hospitality

  $235,060

  Educational

  $195,567

  Medical

  $202,293

  Retail

  $304,215

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.1313

Longitude

-89.9901

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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