50,000± s.f Commercial Building
2701 Union Ave Ext. Memphis TN 38112
- 55,980 SF
- Built 1963
- 2.73± acres
- 6 Story building
- Zoned Office High Rise
- 164 Parking Spaces
This building is ripe for re-development as a hotel or office facility. The most recent use is that of Channels 24 and 30 television studio and offices. The large footprint of the ground floor is ideal for hotel meeting areas and offices with rear loading areas.
The tower lease and the lease by the radio station will convey with the sale of this property.
According to the seller’s in-house engineer:
· The elevators have not been serviced or inspected in three years.
· Building HVAC is completely out. All air handlers on all floors need overhaul.
· The boiler was inspected last fall and is operational.
· The basement HVAC units have been off for two years and have known Freon leaks.
· Many of the toilet flush valves are inoperable.
· There are major roof leaks which were patch some in 2016.
· The asbestos on the 5th floor was partially removed a few years ago. What remains is considered stable if not disturbed.
Have questions or want to bid on this auction? Please feel free to contact us to discuss your specific needs. We look forward to hearing from you!