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

Industrial properties

Property subtype

Loft space

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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