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Former Church with Redevelopment Potential 1110 Faxon Ave 18,850 SF Specialty Building Online Auction Sale Memphis, TN 38105
Investment Highlights
- Buyers will want to capitalize on this former religious facility perched in the Speedway Terrace Historic District of Memphis, Tennessee.
- Formerly God's Holy Word Temple, this property can be easily converted to suit a variety of uses based on the new owner’s vision.
- Area demographics within 1 mile bode well for future development, with a population on the rise and consumer spending exceeding $128 million.
- Close to Interstate 40 and N Watkins Street, which are major connectors for the area, facilitating easy and efficient commutes to the property.
- Positioned in a dense residential area near local establishments such as Smoky City BBQ, Memphis Toast, Crosstown Brewing Co., and more.
Executive Summary
1110 Faxon Avenue is a premier opportunity for investors and developers seeking their next acquisition.
This impressive 18,850-square-foot former church, built in 1912, stands as a landmark in the Speedway Terrace Historic District. Spanning three spacious stories, the building offers versatile and efficient floor plans. 1110 Faxon Avenue's striking exterior combines classic brickwork and expansive windows, providing both curb appeal and natural light. Multiple entrances allow for seamless access, enhancing convenience for future tenants or visitors. Inside, the main sanctuary dazzles with beautiful stained glass. Numerous educational rooms and a large parish hall offer endless possibilities for adaptive reuse, whether as community spaces, offices, or modern residential units. The property is zoned RU-3 (Residential Urban - 3), a district designed for high-density residential development, supporting multifamily dwellings and fostering vibrant, central urban growth. With its historic charm, flexible layout, and progressive zoning, this property is primed for investors and developers ready to reimagine its next chapter. Whether for luxury apartments, coworking spaces, or innovative mixed-use projects, 1110 Faxon Avenue is a blank canvas.
Located in North Memphis, the Speedway Terrace Historic District is an area characterized by abundant greenery and a peaceful residential atmosphere. Proximity to Interstates 40 and 69 ensures convenient access to major thoroughfares. Notable nearby destinations include Col. Luke Weathers VA Medical Center and St. Jude Children's Research Hospital. The property also offers easy access to a variety of retailers and services, including national brands such as Kroger, Walgreens, and Chick-fil-A, as well as local establishments like Cozy Corner Restaurant and Twins Food Mart.
Memphis is considered a top market for investment, serving as a major economic hub in the southeastern United States. Its economy is strong in logistics, manufacturing, corporate services, and food production. The city hosts large companies such as FedEx, AutoZone, and International Paper. The Port of Memphis, situated on the Mississippi River, enhances the area's multimodal transportation by supporting barge traffic and bulk cargo, which works alongside the city's rail and highway systems.
Property tours are available by appointment only. Please contact the listing broker to schedule.
This impressive 18,850-square-foot former church, built in 1912, stands as a landmark in the Speedway Terrace Historic District. Spanning three spacious stories, the building offers versatile and efficient floor plans. 1110 Faxon Avenue's striking exterior combines classic brickwork and expansive windows, providing both curb appeal and natural light. Multiple entrances allow for seamless access, enhancing convenience for future tenants or visitors. Inside, the main sanctuary dazzles with beautiful stained glass. Numerous educational rooms and a large parish hall offer endless possibilities for adaptive reuse, whether as community spaces, offices, or modern residential units. The property is zoned RU-3 (Residential Urban - 3), a district designed for high-density residential development, supporting multifamily dwellings and fostering vibrant, central urban growth. With its historic charm, flexible layout, and progressive zoning, this property is primed for investors and developers ready to reimagine its next chapter. Whether for luxury apartments, coworking spaces, or innovative mixed-use projects, 1110 Faxon Avenue is a blank canvas.
Located in North Memphis, the Speedway Terrace Historic District is an area characterized by abundant greenery and a peaceful residential atmosphere. Proximity to Interstates 40 and 69 ensures convenient access to major thoroughfares. Notable nearby destinations include Col. Luke Weathers VA Medical Center and St. Jude Children's Research Hospital. The property also offers easy access to a variety of retailers and services, including national brands such as Kroger, Walgreens, and Chick-fil-A, as well as local establishments like Cozy Corner Restaurant and Twins Food Mart.
Memphis is considered a top market for investment, serving as a major economic hub in the southeastern United States. Its economy is strong in logistics, manufacturing, corporate services, and food production. The city hosts large companies such as FedEx, AutoZone, and International Paper. The Port of Memphis, situated on the Mississippi River, enhances the area's multimodal transportation by supporting barge traffic and bulk cargo, which works alongside the city's rail and highway systems.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Data Room Click Here to Access
- Purchase Agreement
Property Facts
| Sale Type | Investment | Lot Size | 0.41 AC |
| Sale Condition | Auction Sale | Building Size | 18,850 SF |
| Type of Ownership | Fee Simple | No. Stories | 3 |
| Property Type | Specialty | Year Built | 1912 |
| Property Subtype | Religious Facility | Opportunity Zone |
Yes
|
| Building Class | C | Parcel Number | 02-1020-0-0024 |
| Zoning | RU-3 | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Specialty |
| Property Subtype | Religious Facility |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 18,850 SF |
| No. Stories | 3 |
| Year Built | 1912 |
| Opportunity Zone |
Yes |
| Zoning | RU-3 |
| Parcel Number | 02-1020-0-0024 |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Sale Advisor
Sale Advisor
Betty Brown, Broker
Betty Brown is a commercial broker based in Jackson, Tennessee.
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Former Church with Redevelopment Potential | 1110 Faxon Ave
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