804 Highland StMemphis, TN 38111

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 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.

• 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

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

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