633 Monroe Ave, Memphis, TN 38103
Nearly 12,000 SF three-story building with a private courtyard area and access from front and rear. Positioned at the center of the Edge District at the intersection of Monroe and Marshall - this is the tallest building in the neighborhood and is positioned to be the centerpiece of the area. The residential market in Memphis is very strong, and inventory is low. Demand for quality contemporary housing close to the medical center remains high. Condominiums in the 38103 Zip code are selling up to $320/SF with an average of $210 for comparable units. This asset is an opportunity to convert into 12-16 units depending on configuration and research suggests that pre-sale marketing would be effective.
Nearly 12,000 SF three-story building with a private courtyard area and access from front and rear. Positioned at the center of the Edge District at the intersection of Monroe and Marshall - this is the tallest building in the neighborhood and is positioned to be the centerpiece of the area. The residential market in Memphis is very strong, and inventory is low. Demand for quality contemporary housing close to the medical center remains high. Condominiums in the 38103 Zip code are selling up to $320/SF with an average of $210 for comparable units. This asset is an opportunity to convert into 12-16 units depending on configuration and research suggests that pre-sale marketing would be effective.
