804 Highland StMemphis, TN 38111

  • Office properties
  • 6,200 SF
For Sale

Property Details for 804 Highland St

Year built
1964
Lot size
0.70 AC
Property size (Sq ft)
6,200 SF
Zone code
CMU-1
Property type
Office properties
Property subtype
Office buildings
APN
046-017- - -00051-C
APU
04601700051C

Description

This exceptional 10,490 square foot freestanding building presents a unique opportunity for businesses seeking executive office space in a prime Memphis location. Situated on a 0.697-acre lot at the southeast corner of South Highland Street and Douglass Avenue, this property benefits from high visibility and easy access within the University of Memphis trade area. The building is currently entirely vacant, offering flexibility for a single tenant to occupy the entire space or multiple tenants to lease individual suites. Multiple tenancy options are available, with a minimum divisible space of 2,840 square feet and a maximum contiguous space of 7,650 square feet. The property's classification as both retail and office space allows for diverse occupancy possibilities. Its location in Shelby County, Tennessee, provides convenient access to major transportation routes and a vibrant urban environment. This is an ideal opportunity for a company seeking a prominent and well-situated location to establish or expand its operations. The building's size and layout offer significant potential for customization to meet specific business needs. The address is 804 S Highland St, Memphis, TN 38111. This property offers a rare chance to secure a substantial and versatile space in a highly desirable area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $893,322
    6.5%
    $824,605
    7%
    $765,704
  • Comparable approach

    Method
    Valuation
    Relative Method
    $483,352
    Geo Method
    $483,352
  • Alternative Use

    Use
    Valuation
    Residential
    $1,022,510
    Hospitality
    $936,614
    Educational
    $779,251
    Medical
    $806,051
    Retail
    $1,212,169
804 Highland St, Memphis, Tennessee

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.1097
Longitude
-89.9455
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
$15,222
$54,200
$195,680
$249,880
-
$135,500
$489,200
$624,700

FAQs

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