1448 Madison AveMemphis, TN 38104

Property Details for 1448 Madison Ave

Year built

1900

Lot size

0.39 AC

Property size (Sq ft)

4,388 SF

Zone code

CMU-3

Property type

Medical offices

Property subtype

Medical centers

APN

017-022- - -00015

APU

1702200015

Description

This three-story, 4,842-square-foot office building, located at 1448 Madison Ave in Memphis, Tennessee, presents a unique investment opportunity. Built in 1900 and extensively renovated between 2017 and 2022, the property boasts a distinctive gray stone exterior and beautifully preserved woodwork, complemented by contemporary interiors. The building is currently vacant and zoned CMU-1, offering flexibility for various uses, including executive, medical, or traditional office space. Features include a glassed-in conference room, hardwood flooring, attractive wood trim, updated bathrooms, a second-story deck, and a sizable parking lot—a rare find in the Midtown area. The 0.394-acre lot provides ample space, and the building's prime location offers excellent access to downtown Memphis. The property's versatile layout includes a reception area and up to seven individual offices, making it suitable for a range of professional businesses. This building combines the allure of historic Memphis architecture with the functionality of modern professional upgrades, presenting a compelling opportunity for discerning investors. The property's APN is 017022 00015.

• CAP approach

  CAP return

  Valuation

  6%

  $632,241

  6.5%

  $583,607

  7%

  $541,921

• Comparable approach

  Method

  Valuation

  Relative Method

  $342,088

  Geo Method

  $342,088

• Alternative Use

  Use

  Valuation

  Residential

  $723,673

  Hospitality

  $662,881

  Educational

  $551,509

  Medical

  $570,476

  Retail

  $857,903

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.139

Longitude

-90.0129

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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