1532 Two PlMemphis, TN 38116

Property Details for 1532 Two Pl

Year built

1977

Lot size

2.03 AC

Property size (Sq ft)

50,252 SF

Zone code

EMP

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

078-003- -A-00073

APU

078003A00073

Description

This exceptional 50,000-square-foot warehouse, located at 1532 Two Place, Memphis, TN 38116, presents a significant leasing opportunity. Built in 1977 and extensively renovated in 2023, this single-tenant industrial property offers 20,000 square feet of immediately available space. The building boasts a 22-foot ceiling height, providing ample vertical storage capacity. Logistics are simplified with four loading docks, four dock-high doors, and one drive-in door, ensuring efficient handling of goods. Three-phase power is readily available. The property features convenient frontage on Two Place, and its location in Shelby County offers easy access to Brooks Road. Zoned for commercial/industrial use, this warehouse is perfectly suited for a variety of businesses. The property's strategic location provides seamless connectivity to major transportation arteries, including interstates I-55 and I-240, and Memphis International Airport. This move-in ready space eliminates the need for costly renovations, allowing for immediate occupancy and operational efficiency.

• CAP approach

  CAP return

  Valuation

  6%

  $8,978,241

  6.5%

  $8,287,607

  7%

  $7,695,635

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,072,351

  Geo Method

  $6,072,351

• Alternative Use

  Use

  Valuation

  Residential

  $8,287,607

  Hospitality

  $7,591,404

  Educational

  $6,315,958

  Medical

  $6,533,174

  Retail

  $9,824,824

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.0593

Longitude

-90.0124

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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