6075 Poplar AveMemphis, TN 38119

Property Details for 6075 Poplar Ave

Year built

1986

Lot size

10.18 AC

Property size (Sq ft)

359,219 SF

Zone code

OG

Property type

Office buildings

APN

081-002- - -00005-C

APU

08100200005C

Description

This exceptional sublease opportunity presents 2,697 square feet of Class A office space on the ground floor of the Crescent Center, located in Memphis' vibrant East submarket. Situated at the intersection of Poplar and Ridgeway, this single-story space within a ten-story building offers abundant natural light. The building, constructed in 1986 and extensively renovated in 2020, boasts a 12-foot ceiling height and provides convenient access to a fitness center and covered parking (3.47 spaces per 1,000 square feet). The entire 356,188 square foot building offers multiple tenancies, with this specific unit representing the minimum divisible space available. The sublease agreement expires September 30, 2024. Building amenities include elevators and 24-hour access. The property sits on a 6.86-acre lot and is identified by APN 08-1002-0-0005C. This is an ideal location for businesses seeking a modern, well-maintained office space in a prime Memphis location. The space is immediately available.

• CAP approach

  CAP return

  Valuation

  6%

  $51,757,764

  6.5%

  $47,776,396

  7%

  $44,363,796

• Comparable approach

  Method

  Valuation

  Relative Method

  $28,004,714

  Geo Method

  $28,004,714

• Alternative Use

  Use

  Valuation

  Residential

  $59,242,732

  Hospitality

  $54,266,024

  Educational

  $45,148,696

  Medical

  $46,701,428

  Retail

  $70,231,304

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.1011

Longitude

-89.8609

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].