1470 Monroe AveMemphis, TN 38104

Property Details for 1470 Monroe Ave

Year built

1910

Lot size

0.31 AC

Property size (Sq ft)

4,692 SF

Zone code

RW

Property type

Office properties

Property subtype

Office buildings

APN

017-024- - -00005

APU

1702400005

Description

This exceptional 1,800 square foot office space is perfectly situated in the vibrant Midtown area. Located within a 6,000 square foot mixed-use building, this unit offers a traditional office layout adaptable to a variety of professional uses. Previously occupied by a law office, the space is ideal for legal professionals, CPAs, creative firms, or other similar businesses seeking a prestigious address. The space is part of a multi-tenant building, offering a collaborative yet professional environment. Enjoy the convenience of gated and secured parking, a significant advantage in this bustling area. The property's prime location offers easy access to several key Midtown attractions, including Central Gardens, Overton Square, The Medical District, and Crosstown Concourse. This is a rare opportunity to secure a well-appointed office space in a highly desirable and convenient location. The available space is 1,800 square feet within a larger 6,000 square foot building. The building itself offers a blend of traditional and creative office spaces, reflecting the dynamic nature of the surrounding neighborhood. This space presents a unique chance to establish or expand your business in a thriving Midtown community. Don't miss this chance to secure your ideal workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $676,043

  6.5%

  $624,040

  7%

  $579,465

• Comparable approach

  Method

  Valuation

  Relative Method

  $365,788

  Geo Method

  $365,788

• Alternative Use

  Use

  Valuation

  Residential

  $773,809

  Hospitality

  $708,805

  Educational

  $589,717

  Medical

  $609,999

  Retail

  $917,338

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.1378

Longitude

-90.0123

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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