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65 W Carolina Ave
Memphis, TN 38103
Industrial Property For Sale

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INVESTMENT HIGHLIGHTS

  • Heavy Foot Traffic
  • Corner of W. Carolina and Kentucky St. (closed)
  • Redevelopment opportunity

EXECUTIVE SUMMARY

This property is locally known as the "South End" of Downtown Memphis. This section of Memphis was almost exclusively warehousing, distribution and light manufacturing light manufacturing. Approx. 20 years ago, a local development group acquired one of the largest (former) foodservice distribution facilities in Memphis and began working with the City to formulate a plan that would transform this area into a urban residential neighborhood. With public improvement commitments from the City and a tremendous amount of interest from the local residential community, "South End" was redeveloped to include multi-family , high-end condominiums and zero lot homes. From ground up developments and repurposing existing buildings from industrial uses to residential. The subject tract is one of the few remaining parcels in the area that is available and suitable for redevelopment. Owner occupied facility would consider a lease under the right circumstances.

PROPERTY FACTS

Sale Type Investment or Owner User
Sale Condition Redevelopment Project
Property Type Industrial
Property Subtype
Service
  • General Retail Storefront Retail/Office
  • Industrial Truck Terminal
Building Class B
Lot Size 0.69 AC
Rentable Building Area 5,280 SF
No. Stories 2
Year Built 1999
Tenancy Single
Parking Ratio 1.89/1,000 SF
Clear Ceiling Height 16’
No. Drive In / Grade-Level Doors 2
Zoning IH - BR- Bluffview Residential

AMENITIES

  • Conferencing Facility
  • Courtyard
  • Floor Drains
  • Yard
  • Accent Lighting
  • Air Conditioning

UTILITIES

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-2051-0-0016
Land Assessment
$71,739 CAD
Improvements Assessment
$123,229 CAD
Total Assessment
$194,967 CAD
  • Listing ID: 26613029

  • Date on Market: 2022-09-12

  • Last Updated:

  • Address: 65 W Carolina Ave, Memphis, TN 38103

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