299 N Cleveland St — 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

Photos

299 N Cleveland St — Sale in Memphis, TN, photo 1 of 1

Investment Figures

Price per square foot
$76

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

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. Compare it against other industrial listings for sale in Memphis, TN — view the full market.

As of Q1 2026, the Memphis industrial market showed average asking rents near $4.76/SF/yr, and rents up 4.8% year over year. Source: multiple brokerage reports, Q1 2026.

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

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