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$ 1,000,000
Est. payment | /mo
19,576 SqFt
$ 1,000,000
Est. payment | /mo
19,576 SqFt
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 19,576 sqft
Price per Sqft $51
MLS Listing ID 12377697
Year Built 1969
Lot Size 4.300 Acres
Lot Dimensions 500X250X285X362X378
Property Sub-Type Industrial
Property Description
Versatile Institutional Facility in the Memphis MSA - Ideal for Rehab, Education, Worship, or Workforce Housing! This is a rare opportunity to acquire a flexible institutional-use facility located within the Memphis Metropolitan Statistical Area (MSA), offering strong regional connectivity and the benefits of Tennessee's pro-business environment. The property has most recently operated as a faith-based drug and alcohol rehabilitation center and has a successful track record of nearly fifteen years of continuous service. The site features two distinct buildings with substantial infrastructure in place. The primary structure, originally constructed in 1969 as a school, spans approximately 13,951 square feet of finished space. It has been adapted for residential and programmatic use, offering twelve guest rooms capable of housing up to three individuals each, along one wing of the building. The opposite wing contains a commercial-grade kitchen, recreation room, and several large meeting spaces. The building is serviced by multiple well-maintained HVAC systems, ensuring year-round functionality and comfort. The second structure is a freestanding gymnasium building encompassing 5,649 square feet, ideal for physical activity, group gatherings, or continued institutional use. While the exact construction date is not recorded in county records, this building is of newer vintage and in solid condition. Historically exempt from property taxes due to its religious affiliation, the facility previously accommodated up to 40 guests concurrently, though operations were scaled back to approximately 15 residents during and after the COVID-19 pandemic. As of spring 2025, the founder and program director-now in his mid-80s-has begun to wind down operations and is no longer accepting new clients. This facility offers a range of adaptive re-use possibilities, including but not limited to: Behavioral health or substance abuse treatment center, Religious retreat or training center, Charter or private school, Transitional housing or workforce dormitory, Veterans or senior services center, Community recreation, or outreach hub Nonprofit or governmental program headquarters. With its flexible layout, ample square footage, and established infrastructure, this property is well suited for operators or investors seeking a move-in-ready campus with both social impact and growth potential.
Location
State TN
Zoning OTHER
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
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Listed by Jon Fisher • MR. LANDMAN
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
2600 S. Michigan Ave., STE 102, Chicago, IL, 60616, United States