Historic Downtown / Edge District Opportunity

The property at 421 Monroe Avenue is a Historic Building in the Edge District of Memphis, Tennessee. It was built in 1917 and is on the National Register of Historic Places. The Floorplan - Basementsquare foot former Cycle Shop sits on .58 acres and has two stories plus a basement. It is constructed of concrete and brick and with it's location in the Downtown Memphis Submarket it would be perfect for office, showroom or retail use. In addition it carries a SE zoning which allows it to be used for sports, entertainment and more.The first and second floors have about 10,200± square feet each, however the first floor also has 955± square foot mezzanine. The basement is 6,361± square feet and can easily be converted to a parking garage with 12 proposed parking spaces. The adjacent outdoor lot will accomadate 21 regular parking spaces and 2 handicapped spaces.

The Edge District - Located in Memphis’ primary medical district and anchored on one end by Sun Studio and AutoZone Park on the other, The Edge District is an energetic, rapidly evolving neighborhood in Memphis, Tennessee, situated right where Downtown and Midtown collide. Historically famous as mid-20th-century "Auto Row"— the area has undergone a major revitalization.

Walkability - The walk from 421 Monroe Avenue to the core of the Medical District takes about 16 minutes. The walk offers wide sidewalks and a pedestrian crosswalk and is highly urban and flat. It also passes Health Sciences Park and the University of Tennessee Health Science Center (UTHSC) campus.

Neighboring Touist Attractions - Sun Studio: The legendary birthplace of rock ‘n’ roll—where Elvis Presley and Johnny Cash recorded—is just blocks away and draws massive global tourism to the neighborhood.     The Ravine: A converted, sunken industrial limestone valley transformed into a vibrant public green space, pedestrian pathway, and outdoor community event hub.      Edge Motor Museum: A dedicated automotive museum showcasing the history of American sports cars, paying homage to the Edge District’s origins as Memphis’s original “Auto Row”.