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Memphis, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Memphis, Florida Market population: 651K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....

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⭐ Featured

Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000
Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %
NOI $0
Size 30,000 SF

πŸ“Š Avg Property Tax Rate For Memphis TN Properties: 4.3450%

πŸ“Š Average Income For Memphis TN Commercial Property: $36,912

Investor Questions For Memphis TN

Common questions from investors exploring commercial real estate in Memphis TN.

What is the overall investment potential of Memphis, TN, considering its demographics and economy? +
Memphis, TN, with a population of 650,932 and a median age of 33.2, presents a diverse market. The city's top industries, including Information, Finance & Insurance, and Public Administration, contribute to its economic stability. However, the 25.6% poverty rate and a GINI coefficient of 0.504 indicate income inequality, which investors should consider when assessing rental yields and property appreciation.
How does the ethnic diversity and foreign-born rate impact the real estate market in Memphis? +
The ethnic diversity in Memphis, with Black (47.9%), White (21.2%), and White Non-Hispanic (19.0%) populations, and a foreign-born rate of 6.5%, suggests a culturally rich and potentially resilient market. This diversity, combined with top industries like Finance & Insurance and Public Administration, may support a stable demand for housing.
What are the implications of the city's commute time, health insurance rate, and poverty rate for real estate investors? +
The 21.4-minute average commute time and 84.4% health insurance coverage in Memphis indicate a relatively stable and healthy workforce. However, the 25.6% poverty rate suggests that investors should carefully evaluate the financial stability of potential tenants, considering the balance between affordability and rental income potential.
How do the median property value, property taxes, and homeownership rate influence the investment landscape in Memphis? +
With a median property value of $95,900 and median property taxes of $125,169, Memphis offers relatively affordable investment opportunities. The 47.4% homeownership rate suggests a balanced market between owners and renters, which can be attractive for investors looking to capitalize on rental yields, especially in a city with a diverse economy and growing industries.
What role do education, safety, and the overall quality of life play in determining the attractiveness of Memphis as an investment destination? +
While Memphis faces challenges such as a violent crime rate of 748.4 per 100,000 and an obesity rate of 35.6%, its high school graduation rate of 83.2% and bachelor's degree or higher rate of 24.1% indicate a workforce with potential for growth. Investors should weigh these factors against the city's economic and demographic advantages to assess the long-term viability of their investments.

Memphis TN Real Estate & City Facts

Key facts and real estate information about Memphis TN.

What are some of the best neighborhoods to live in Memphis? +
Some of the best neighborhoods to live in Memphis include Cooper-Young, Crosstown, Farmington, Kimbrough, Brierbrook, Neshoba, East Memphis, Germantown, Collierville, and Belle Meade. Each neighborhood has its own unique character and advantages, so it's worth researching to find the one that best fits your needs and preferences.
What are some fun things to do in Memphis? +
Memphis has a wide range of attractions and activities to enjoy, including visiting Graceland, Beale Street, the National Civil Rights Museum, Memphis Zoo, Sun Studio, and the Memphis Rock 'n' Soul Museum. You can also explore the city's many museums, music venues, and outdoor spaces, such as Overton Park and the Mississippi River waterfront.
What is the food scene like in Memphis? +
Memphis is known for its barbecue, but the city's food scene is much more diverse than that. You can find great soul food, Southern cuisine, and international restaurants throughout the city, as well as a thriving scene of new restaurants, bars, and coffee shops. Some popular spots include Central BBQ, Itta Bena, Gibson's Donuts, and B.B. King's Blues Club.
What are the pros and cons of living in Memphis? +
Memphis has a lot to offer, including a rich music scene, a vibrant cultural landscape, and a relatively low cost of living. However, the city also faces challenges such as high crime rates and poverty. Additionally, some neighborhoods are still recovering from disinvestment and neglect. On the other hand, Memphis has a strong sense of community and a growing number of new businesses and initiatives that are working to revitalize the city.
Is Memphis a good place to live? +
Whether or not Memphis is a good place to live depends on your individual priorities and preferences. If you value a vibrant cultural scene, a rich history, and a relatively low cost of living, Memphis may be a great fit for you. However, if you're concerned about safety or prefer a more polished, upscale urban environment, you may want to consider other options. Ultimately, Memphis is a city with a lot of heart and a strong sense of community, and it can be a great place to call home if you're willing to look beyond its rough edges.
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