1199 Thomas St

$2,180,000

1199 Thomas St Memphis, TN 38107

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About this listing

DESCRIPTION

Discover the potential of 1199 Thomas St, a substantial industrial property located in the bustling hub of North Memphis. This expansive site covers 4.75 acres and includes three large units totaling over 109,000 square feet, perfectly suited for manufacturing or milling operations. Built in 1938, this property combines historical charm with modern industrial capabilities, featuring four heavy-duty cranes with capacities ranging from 15 to 30 tons. The property is zoned EMP, offering a wide range of possibilities from light industrial to warehousing or office use, and it adheres to Memphis’s flexible Unified Development Code. Its strategic location near I-40 ensures seamless connectivity for logistics, making it an ideal choice for businesses focused on distribution or supply chain efficiency. With a competitive price of $2,180,000, 1199 Thomas St stands ready to support your industrial ambitions in the dynamic Memphis market.

AREA

Nestled in the vibrant and industrious area of North Memphis, 1199 Thomas St is strategically positioned to take full advantage of the city's extensive commercial infrastructure. This locale is characterized by its rich industrial heritage, offering a dynamic environment for both established businesses and emerging enterprises. The property is conveniently located near major transportation arteries, including Interstate 40, facilitating easy access to key logistics and distribution networks throughout the region. North Memphis is known for its supportive business ecosystem, home to a diverse range of industries from manufacturing to logistics, making it an ideal location for businesses looking to thrive. The area boasts a skilled workforce and a community committed to economic growth, providing a fertile ground for innovation and expansion. With close proximity to downtown Memphis, businesses can also benefit from the bustling urban amenities, ensuring that this location is not only practical but also vibrant and full of potential.

  • Building Size

    109,340 sqft

  • Lot Area

    4.75 acres

  • Units

    3

  • Year Built

    1938

  • Zoning

    EMP

  • Floors

    1


Details

  • • Annual Tax: $ 14488.0
  • • Available Floors: 0
  • • Age: Over 50 Years Old
  • • Lot Size: 2-5 Acres

Map





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    1199 Thomas St

    $3.50 to $4/sqft/yr
    Memphis, TN 38107