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1227-1241 Peabody Ave, Memphis, TN 38104

$465,000
  • 1227-1241 Peabody Ave, Memphis, TN 38104 Main Photo

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Featured Listing New to the Market Active
SQUARE FEET6,150 MLS#186353191
STATUS PROPERTY TYPECommercial - Office

Property Description

Prime Location in Memphis’ Medical District!

Seize the opportunity to own a piece of Memphis history with this charming and versatile historic property, located at 1227-1233 Peabody Avenue (includes three parcels). Nestled in the heart of the highly sought-after Medical District, this property offers an exceptional blend of classic architecture and modern convenience, making it a perfect investment for a variety of uses.

Property Features:

Ideal for Law Offices or Professional Offices: With its spacious rooms, high ceilings, and distinct historical character, this property offers an inspiring environment for any professional office. Its proximity to major medical institutions, including Methodist University Hospital, makes it an ideal choice for law offices specializing in healthcare law, medical professionals, or any business serving the medical community.

Student Housing Potential: Positioned near key educational and medical institutions, this property could also be a great candidate for student housing, catering to the growing demand for living spaces near the University of Tennessee Health Science Center and other local schools.

Opportunity to redevelop into multi-family property. Additional lot next to home is vacant and ready for another building, garage or parking lot.

Historic Charm: Retaining much of its original character, this property is full of unique architectural details that lend it a timeless elegance. With hardwood floors, tall windows, intricate moldings, and a welcoming exterior, this property provides a warm and professional atmosphere.

Prime Location: Just minutes from Methodist University Hospital and other medical facilities, the property is also conveniently located near downtown Memphis, offering easy access to local amenities, transportation, and business hubs.

Whether you're looking for a space to establish your law office, create a professional work environment, or provide student housing, this historic property offers unparalleled potential. Don’t miss out on this rare opportunity to invest in a prime location with endless possibilities!

Price reflected is for AS IS purchase.

For more information or to schedule a tour, contact us today.

1227-1241 Peabody Ave | MLS# 186353191

This commercial property located at 1227-1241 Peabody Ave, Memphis, TN 38104 is currently listed for sale by Crye-Leike Real Estate Services , with an asking price of $465,000. Search Memphis real estate on www.clhomes.com today.

Property Features

Property Type: Commercial - Office
Lot Size: 0.53 Acres
Stories: 3.0

Feature Descriptions

Nearest Interchange: Bellevue
No. Of Floors: 3
Parking Notes: Three Parcels - two vacant lots for additional par
Sewer: Memphis
Survey Available: Yes
Total Usable Sq. Ft.: 6150
Water: Memphis
Zoning: RW (H) Commercial

Listed By / Shown By

agent picture

Listed By

Agency Name: Crye-Leike Real Estate Services
Agency Phone: (901) 691-1849
Agent Name: Jaime Henson

Source: Delta Media Group MLS

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