Industrial Property for Sale in Memphis, TN

  • Price: $3.2M
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Memphis, TN 38104
  • Size: 41,945 SF
  • Year built: 1950

Description

Prime Midtown Memphis commercial opportunity featuring ±41,945 SF of retail, showroom, warehouse, rental, and distribution space. This two-story freestanding property offers excellent visibility with convenient access to Downtown Memphis and major transportation corridors. Substantial storage, on-site parking, and rental income potential. Functional layout ideal for owner-users, distributors, retailers, or investors. Business and real estate offered together. Property sold AS-IS. Call or text listing agent for your private tour. Property being sold AS-IS. Seller will close with Preferred Title & Escrow, with EMD to be held by Preferred Title & Escrow. Proof of funds required with all offers. Submit all offers and supporting documentation to yvonne@saamemphis.com. Call or text 901-205-6413 to confirm you emailed an offer or for any questions you may have. Business and real estate being sold together. Buyer to verify all information deemed important. Showings by advance appointment only. Building SF: 41945 | Land Size: 49963.0 SF | Year Built: 1950 | Listing Type: FOR SALE

Market Context

This industrial in Memphis, TN is listed for sale at $3,200,000 across 41,945 SF ($76/SF). The building dates to 1950. It has been on the market for 38 days. Compare it against other industrial listings for sale in Memphis, TN — <a href="/search/sale/industrial/tennessee/memphis">view the full market</a>.

As of Q1 2026, the Memphis industrial market showed rents up 5.0% year over year, and cap rates around 16.0%. Source: Consensus Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Industrial market FAQ

What is the typical cap rate for industrial in Memphis?
About 16.0% as of Q1 2026, per Consensus.

Unified Estimate

Very Low Confidence

$48.46/SF – $65.55/SF

Mid: $57.00/SF

Total estimate for 41,945 SF: $2,390,865

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market chicago (similarity: 100%) with 12 comparable listings.

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