CONSIDERING ALL OFFERS

147 Jefferson - Highrise Redevelopment Opportunity

Memphis TN 38103

Virtual Tour

The Offering

147 Jefferson - Highrise Redevelopment Opportunity

Exciting Property Updates!


  • NEW PARKING SOLUTION - Surface parking offering 90 spaces on adjoining parcel can now be arranged via parking lease agreement.


  • NEW ROOF - The building will be delivered with a new roof! Installation is currently underway offering New Ownership an immediate start to taking the asset to the next level!



NEW PRICE - CONSIDERING ALL OFFERS!


EXCELLENT ADAPTIVE REUSE OPPORTUNITY

Located in Downtown Memphis, the Strongest Office Campus in the Region

147 Jefferson Avenue, Memphis, TN

 

Vacant 12-story Office Tower

101,600 SF

Built 1954

Suitable for Mixed-Use,

Multifamily or Hospitality Conversion

 

Significantly Reduced: $3,700,000 or $36 PSF 


INVESTMENT HIGHLIGHTS

PRIME LOCATION IN DOWNTOWN MEMPHIS

The economic engine for the Greater Memphis MSA with a daytime population of 72,500+ and the highest density of jobs per acre regionally

Ongoing demand fueled by Downtown's demographics and vibrant cultural and recreational offerings


EXCELLENT ACCESS AND VISIBILITY

Frontage on Jefferson Avenue between BB King Boulevard and Second Street, prominent arteries through the Downtown business district

 

PRIME FOR ADAPTIVE REUSE

Architectural design ideally suited for a conversion into mixed-use, multifamily or hospitality uses

Downtown's ongoing urbanization fueled by increased employment, infrastructure investments, and new cultural and recreational offerings has lead to rising demand for rental housing and hospitality establishments


ELIGIBILITY FOR PILOT TAX ABATEMENT

Eligible for a Payment-In-Lieu-of-Tax abatement program freezing taxes at the pre-development level for up to 10 years


PARTIAL SELLER FINANCING FOR ACQUISITION AND CONSTRUCTION

Available for qualified buyers with a solid track record

 

NEARBY PARKING OPTION

Structural parking with ample spaces can be arranged in close proximity via parking agreement

 

DMC APPROVAL NEEDED FOR CLOSING

Current remediation efforts are underway to address a pending environmental court citation


Location

Listing Agent

Lea Heilig

Lea Heilig

Woodyard Realty Corp.
901-767.1998