Industrial Facility - For Sale or Lease

Description:

Coldwell Banker in conjunction with Universal Commercial is pleased to present 1199 Thomas Street, a 109,340 square foot industrial facility located in the heart of North Memphis, one of the city’s most active and strategically positioned industrial submarkets. Situated on 4.75 acres and zoned EMP (Employment District), this multi-building asset is ideally suited for heavy manufacturing, warehousing, or value-add repositioning.

Originally constructed in 1938, the property features three interconnected buildings—±90,000 SF, ±20,000 SF, and ±7,500 SF—and includes multiple high-capacity overhead cranes (30-ton and 15-ton), 30-foot ceiling clearance, and robust power infrastructure. With close proximity to major transportation corridors including I-40 and U.S. Route 51, the site provides seamless access to Memphis’s core distribution and logistics network.

This property presents a rare opportunity to acquire a large-scale industrial asset with exceptional value per square foot. With strong bones, flexible zoning, and high demand for industrial space in the Memphis market, 1199 Thomas Street offers users and investors alike a compelling combination of functionality, location, and upside potential.

Universal Commercial has been exclusively retained to market the property and welcomes inquiries from buyers seeking long-term value or operational space in a dynamic, growth-oriented submarket.

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