Exciting New Opportunities in Memphis: Two Historic Buildings Hit the Market for Sale!

Exciting New Opportunities in Memphis: Two Buildings Now Up for Sale!

Hey there, Memphis! We’ve got some buzzworthy news for you. Right in the heart of our vibrant city, two vacant buildings have hit the market, and they could be just what our community needs to keep the momentum going! Situated near the iconic Sterick building, these properties are brimming with potential, and we can’t wait to share the details with you.

What’s Up for Grabs?

First up, the property at 158 Madison Avenue. This enormous five-story gem used to serve as a bank and spans an impressive 57,000 square feet! Built back in 1961, this beauty has remained unoccupied but was previously approved to rise to nine stories. Can you imagine the possibilities? Just think about the views of the Sterick building and everything happening around it.

Next on the list is the 164 Madison Avenue, also known as the Madison and Third building. This one is a bit smaller, covering 26,000 square feet across two stories. Constructed in 1930, it certainly carries its share of history. However, it’s currently boarded up and needs a little TLC to shine like it once did. Located right at the intersection of B.B. King Boulevard, it offers a prime spot with significant foot traffic.

The Potential for Revitalization

Both properties belong to the John Wessman Trust, and while they’ll require some work, they are perfectly located for potential growth as the Sterick building undergoes renovation. This stretch of Madison Avenue is already buzzing with life, featuring numerous apartment complexes, office spaces, eclectic restaurants, coffee shops, and lively bars. Talk about a hot spot!

These buildings are being marketed by Jones Aur Commercial Real Estate, with a dedicated team of brokers: Dustin Jones, Louisa Yanes, and Carson Kane. Kane couldn’t hide his excitement when he mentioned, “We are excited to bring 158–164 Madison to market. Positioned across the street from the transformative Sterick building project, this offering is poised to be a key component of the area’s growth. We look forward to connecting with the right buyer to unlock the full potential of this opportunity.” Sounds promising, right?

Time to Celebrate Memphis Projects!

Now let’s switch gears for a moment. Memphis is not just seated on potential real estate opportunities; it’s also time to recognize the incredible construction projects lighting up our city. Nominations are now open for the eleventh annual Building Memphis Awards, set to honor outstanding commercial construction projects completed in 2024. These awards spotlight exceptional work in architecture, design, engineering, and development!

The Building Memphis Awards not only emphasize professional excellence in the community but also celebrate projects that deliver significant economic impacts—like job creation, investment, and community revitalization. Plus, they underscore contributions to beautifying our beloved city!

So, if you’ve seen a project in Memphis this year that deserves a shout-out, consider nominating it. Each nomination helps to celebrate creativity and dedication in our city. It is our chance to shine a light on the talent and hard work that fuels Memphis’ growth!

What’s Next?

As we keep an eye on the developments at 158 and 164 Madison Avenue, it’s clear that Memphis is experiencing a vibrant transformation. Whether it’s new businesses sprouting up, renovations reclaiming old spaces, or major awards celebrating excellence, we’re on a fascinating path of growth.

So, what do you think? Will one of these buildings be the next hotspot in Memphis? Whatever the future holds, one thing is for sure—our city is alive with potential!