85 Danny Thomas BlvdMemphis, TN 38103

Property Details for 85 Danny Thomas Blvd

Year built

1970

Lot size

3.91 AC

Property size (Sq ft)

68,176 SF

Zone code

CBD

Property type

Office properties

Property subtype

Office buildings

APN

002-033- - -00001-C

APU

00203300001C

Description

This exceptional six-story, 66,000-square-foot office building, located in Memphis' vibrant Downtown submarket at 85 N Danny Thomas Blvd, presents a unique investment opportunity. Built in 1970 and extensively renovated in 1986, the property boasts multiple tenancy options within its fully vacant 9,000 square-foot floor plates. Suitable for traditional office, executive office, or medical office uses, the building offers significant flexibility for various business needs. The building features ample parking included at no extra cost to tenants, and prominent building signage opportunities are available. Further enhancing its appeal, the property has achieved LEED Platinum Certification, a testament to its commitment to sustainability. Recent upgrades include a complete overhaul of the roof, HVAC system, elevators, and windows. Tenants will also enjoy the convenience of a newly added fitness center and cafeteria located on the lower level. For added security, the building is currently undergoing installation of a fully automated access system and perimeter fencing. This prime Downtown Memphis location, in Shelby County, Tennessee (zip code 38103), offers unparalleled access to the city's amenities and transportation networks. The building's impressive features and strategic location make it an ideal choice for businesses seeking a modern, efficient, and sustainable workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $9,823,081

  6.5%

  $9,067,459

  7%

  $8,419,784

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,315,001

  Geo Method

  $5,315,001

• Alternative Use

  Use

  Valuation

  Residential

  $11,243,650

  Hospitality

  $10,299,123

  Educational

  $8,568,749

  Medical

  $8,863,442

  Retail

  $13,329,165

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.146

Longitude

-90.0454

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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