South Court Square Building

119 S Court Ave., Memphis TN 38103

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The Offering

Property Facts

Sale Type Investment
Property Type Retail
Property Subtype Storefront Retail/Office
Building Size 15,400 SF
Building Class B
Year Built 1917
Price $1,500,000
Price Per SF $97
Building Height 5 Stories
Slab To Slab 11’
Building FAR 5.05
Land Acres 0.07 AC
Zoning CBD
Frontage 50 FT on Court Ave

Historic five story brick and limestone building with tons of character in downtown Memphis, with the very inclusive Central Business District (CBID) zoning, This building overlooks Court Square Park. Current property mix: Office, retail, and shell condition. Potential for 3rd & 4th floor to be renovated for commercial or residential use. The first and second floors were both completely renovated in 2005 and have been used as a bank branch and offices. The first floor has two tailored openings, one for drive-through opening and one drop box window. Both the third and fourth floors are in shell condition to be renovated.

New boiler, roof and insulation installed in 2004. New hot water pump was installed within the last five years.