433 Madison AveMemphis, TN 38103

Property Details for 433 Madison Ave

Year built

1903

Lot size

0.08 AC

Property size (Sq ft)

4,210 SF

Zone code

CBD

Property type

Office buildings

APN

007-002- - -00002

APU

700200002

Description

This exceptional 4,210 square foot mixed-use property, located at 433 Madison Avenue in Memphis, Tennessee, presents a unique redevelopment opportunity. Situated in the vibrant EDGE District, this Class C building, constructed in 1903, offers versatile space ideal for creative office, restaurant, or storefront uses. Currently vacant, the property is zoned CMU and boasts excellent visibility and accessibility, with proximity to major highways and public transportation, including the Madison Avenue trolley stop. The building features large windows providing ample natural light. The EDGE District's thriving atmosphere, with nearby restaurants, shops, and entertainment venues, creates a dynamic environment for any business. Significant investment and development are occurring in the surrounding area, further enhancing the property's potential. A newly constructed 450-space parking garage is located less than a block away. The property is eligible for technical support and incentives through the Memphis Medical District Collaborative. This is a prime opportunity to acquire a piece of Memphis's dynamic urban core, offering a blank canvas for a customized build-out to meet specific business needs. The property's location within an Opportunity Zone census tract provides additional investment advantages. The existing building offers a cold dark shell delivery, allowing for complete interior design and build-out to the new owner's specifications.

• CAP approach

  CAP return

  Valuation

  6%

  $606,594

  6.5%

  $559,933

  7%

  $519,938

• Comparable approach

  Method

  Valuation

  Relative Method

  $328,212

  Geo Method

  $328,212

• Alternative Use

  Use

  Valuation

  Residential

  $694,317

  Hospitality

  $635,991

  Educational

  $529,137

  Medical

  $547,335

  Retail

  $823,102

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.1422

Longitude

-90.0424

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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