Memphis, Tennessee, is a prime location for investing in industrial properties, offering a unique combination of infrastructure, education, and geography that makes it an attractive choice for businesses and investors alike. Industrial properties in Memphis represent a diverse range of investments, from warehouses and distribution centers to manufacturing facilities and research parks. With its strategic location along the Mississippi River and at the intersection of two major Interstate Highways, Memphis provides unparalleled access to markets across the country. The city's strong transportation infrastructure, including the Memphis International Airport and the second-busiest cargo port on the Mississippi River, makes it an ideal location for companies involved in logistics and shipping. Additionally, Memphis is home to several major institutions, including the University of Memphis and Rhodes College, which provide a skilled workforce and opportunities for research and development. The city's amenities, such as hospitals like Methodist Le Bonheur Healthcare and Baptist Memorial Healthcare, and attractions like Graceland and the National Civil Rights Museum, make it an attractive place to live and work.
With 42 industrial properties for sale in Memphis, investors have a wide range of options to choose from. In addition to industrial properties, Memphis also offers a variety of other property types, including warehouses, land, apartment buildings, and commercial real estate. Warehouses in Memphis provide ample space for storage and distribution, while land offers opportunities for development and growth. Apartment buildings in Memphis offer a steady stream of income, and commercial real estate provides a range of options for businesses and investors. Memphis is a city that is rich in history and culture, with a strong sense of community and a growing economy. Its unique blend of Southern charm and Midwestern work ethic makes it an attractive place to invest in industrial properties, and its many amenities and attractions make it an ideal location for businesses and individuals alike.
What is the average price per square foot for industrial properties in Memphis?
The average price per square foot for industrial properties in Memphis is $92 USD per square foot, with an average size of 50,026 square feet and a largest size available of 207,240 square feet, among the 42 industrial properties currently listed for sale.
How do location and transportation access affect industrial property values?
Location and transportation access play a significant role in determining industrial property values in Memphis, as they directly impact the ease and cost of moving goods and supplies.
- Properties located near major transportation hubs, such as the Memphis International Airport, Interstate 40, and Interstate 55, tend to have higher values due to their proximity to key logistics routes and reduced transportation costs.
- In addition, industrial properties situated near the Mississippi River, which serves as a major cargo port, can benefit from water transportation connections, further increasing their value.
- Furthermore, properties with easy access to major highways and interstates, such as State Route 385, can reduce transportation times and costs, making them more attractive to businesses and investors, and thus increasing their value.
