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2493 Broad Ave 16,246 SF 100% Leased Industrial Building Memphis, TN 38112 For Sale

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INVESTMENT HIGHLIGHTS

Prime Memphis Retail Conversion — 16,246 SF on Broad Ave. in Rapidly Redeveloping Arts District
Surrounded by new urban development including apartments, restaurants, and retail.
Located within federally designated Opportunity Zone (OZ), offering capital gains tax deferral/reduction and tax-free appreciation

Flexible configuration: can be divided into 1–3 suites to maximize marketability
Highly walkable corridor with new bike lanes and streetscape improvements

EXECUTIVE SUMMARY

To access due diligence, visit https://bracketre.com/listing/e66c5854-5255-4e46-bc9a-70d73003304e or www.Bracketre.com
Positioned in the heart of the Broad Avenue Arts & Retail District, 2493 Broad Ave presents a rare opportunity to capitalize on one of Memphis’ most dynamic redevelopment corridors. Originally operated as an industrial warehouse, the property has undergone a strategic transformation toward modern retail use, aligned with the neighborhood’s evolution into a walkable, creative, and amenity-driven destination.
The 16,246 SF building sits directly across from a major new multifamily development, and is surrounded by restaurants, boutique retail, creative studios, and new urban residential projects — benefitting from strong foot traffic, bike lanes, and ongoing public investment along Broad Avenue. A new $70,000 front patio installation and planned storefront window conversions position the asset for restaurants, breweries, entertainment concepts, and showroom or maker-retail tenants.
With multiple natural demising points, the property can be re-imagined as one, two, or three retail suites to maximize lease-up velocity and exit optionality.
To access due diligence, visit https://bracketre.com/listing/e66c5854-5255-4e46-bc9a-70d73003304e or www.Bracketre.com

PROPERTY FACTS

Sale Type	Investment or Owner User	No. Stories	2
Property Type	Industrial	Year Built	1924
Property Subtype	Warehouse	Parking Ratio	0.68/1,000 SF
Building Class	C	Clear Ceiling Height	20’
Lot Size	0.65 AC	No. Drive In / Grade-Level Doors	1
Rentable Building Area	16,246 SF	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	CMU - Commercial Mixed-Use

Sale Type	Investment or Owner User
Property Type	Industrial
Property Subtype	Warehouse
Building Class	C
Lot Size	0.65 AC
Rentable Building Area	16,246 SF
No. Stories	2
Year Built	1924
Parking Ratio	0.68/1,000 SF
Clear Ceiling Height	20’
No. Drive In / Grade-Level Doors	1
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	CMU - Commercial Mixed-Use