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254 Court Ave
Memphis, TN 38103 Downtown Memphis

Price Upon Request

Office For Sale • 53,736 SF

Property Details

Property Type Office
Total Building Size 53,736 SF
Lot Size 0.75 AC
Building Class B
Year Built 1904
Cap Rate 10.50 %
Tenancy Multiple
Zoning CBD

52 Transit Score

87 Walk Score

                
                    Highlights
                
                                Crane Co. Building of Memphis offers a fully renovated 53,800-SF Class A office building, 85% leased to established legal and tech professionals.
                            
                                Fully ADA-compliant with upgraded building systems, 100% fire sprinklers, alarm monitoring, Cat 5 wiring, and building-wide Wi-Fi. 
                            
                                Features Zero Trust Security, HD interior/exterior cameras with remote viewing, 24/7 key-card access, and a 2023 HVAC system upgrade. 
                            
                                On-site private catering, hospitality-driven design, and productivity-focused amenities support a thriving legal-tech tenant environment.
                            
                                Steps from the Courthouse, Justice Center, and St. Jude, with walkable access to AutoZone Park, FedEx Forum, YMCA, cafés, and restaurants.
                            
                                Minutes to I-40, I-55, and I-240 via Danny Thomas Blvd, this iconic property is a rare value-add investment with financing options available.

Property Flyers

View the Crane Co. Building Sale Brochure

Cap Rate:

10.50 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Dr. Sidney Ornduff
Fargarson & Brooke
Gulley Law Firm
Joint Tech Inc Engineering
Memphis TV & Film Commission
Philip Harvey - Attorney
Reaves Law Firm, Pllc
The Morris Law Firm
The Rolwes Law Firm

Amenities

Bus Line
Signage

Public Transportation

Commuter Rail	Drive	Walk	Distance
Central Station (Riverfront Loop - Memphis Area Transit Authority Trolley (MataTrolley))	3 min	-	1.5 mi
Airport	Drive	Walk	Distance
Memphis International	16 min	-	9.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	45
Type:	Surface
Included in Rent:	Yes

Adam Cutler 901-479-1913 Cutler Property Group

254 Court Ave Memphis, TN 38103 Downtown Memphis