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Property Detail

Broad Avenue
Extensively modernized two-story retail building with a brick façade and new floor-to-ceiling window
$1,399,000

Description

  • Extensively modernized two-story retail building with a brick façade and new floor-to-ceiling windows in the desirable Broad Avenue Arts District.
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  • Prime investment opportunity with value-add ability in the Downtown/Midtown Submarket with compressing vacancies and increasing retail rental rates.
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  • Strategically positioned across from the newly built Link Apartments Broad Avenue and encompassing sought-after demographics.
  • Ideally situated with premium visibility and 55’ of frontage in front of the street’s row of surface parking a block from Sam Cooper Boulevard.
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  • Exceptionally established in a major retail corridor featuring well-known businesses like Kroger, Target, Aldi, Whole Foods, and many more.
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  • Conveniently located less than a 10-minute drive from the Interstates 40 and 240 interchange and 12 minutes east of bustling Downtown Memphis.

Executive Summary

2537 Broad Avenue is a premier 7,260-square-foot retail property in the heart of the sought-after Broad Avenue Arts District of Memphis, Tennessee, across from the newly built Link Apartments Broad Avenue. 2537 Broad Avenue is a beautiful two-story building with masonry construction and impressive modern finishes. The asset is just 5.4 miles from Downtown Memphis within the growing residential enclave, the Binghampton neighborhood. Binghampton, which began as a small railroad town anchored by industrial development, has developed into a lively retail corridor that displays vibrant murals on the industrial properties, memorializing its rich history.

2537 Broad Avenue offers qualified investors the opportunity to acquire a completely renovated, like-new building in one of Memphis’ most popular submarkets. Both suites feature private entrances with suspended overhead canopies for each tenant. Floor-to-ceiling windows provide the perfect place for tenant signage while allowing ample natural light to flow in.

The surrounding community boasts strong demographics where the average household income is about $63,000 within a 5-mile radius and generous spending power of well over $2.3 billion annually. The heart of Downtown Memphis boasts nearby popular attractions, including the Memphis Rock ‘n Soul Museum, the Blues Hall of Fame Museum, the Orpheum Theatre, the FedExForum, the Cannon Center for the Performing Arts, and the Beale Street Entertainment District.

2537 Broad Avenue presents a rare, move-in-ready opportunity for any owner/occupant or savvy investor looking for long-term value and appreciation.

Stunning First-Class Finishes

Listing ID : 00776

SKU: 776

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Price History

DateEventPrice
December 10 2024Listed$1,399,000.00