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154 E GE PATTERSON AVE Memphis TN 38103-4506

[Locked] • APN 00-2134-0-0005C

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Details
Property Type Land, Mixed Use (+2)
Sub Type Apartment Building, Creative Office
Building SqFt 14,000
Lot SqFt 7,500
Acreage ******
Sold Date ******
Sold Price ******
Sold Price per Acre ******
Zoning Code SM
Year Built 1900
Building Count 1
Opportunity Zone No
Mortgage Amount ******
Mortgage Term ******
Interest Rate ******
Mortgage Recording Date ******

Property History

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Property Type
Property Type
Land, Mixed Use, Multifamily, Office
Property Subtype
Apartment Building, Creative Office
Marketing Description
154 G.E. Patterson Ave. or 154 Calhoun St. was constructed as the Desoto Hotel in the early 1900's and today is known as the Masonic Building Association. This three-story building contains over 14,000 square feet. Located in the heart of Downtown Memphis and within feet of The National Civil Rights Museum, which in 2012 underwent a $27.5 Million renovation to upgrade building systems and changes to the exhibit. In 2016, The National Civil Rights Museum was Honored by becoming a Smithsonian Affiliate Museum. The Masonic Building Association sits directly across from another Historically preserved property in The United States Postal Inspector's Main Field Office and Desoto Carrier Annex.


This historically preserved building consist of a brick facade, concrete foundation, wood framing and a modified bitumen roof. This property is very rich in its history and its location highly desired. The windows on the main (south) Facade have stone lintels, sills, quoins and a balustrade - all original. The windows on the ease and west elevations have curved brick headers and stone sills. All windows are double-hung, single light wood windows. This is consistent with the original function of a hotel off Main Street. The original large glass openings of the ground level hotel office and store have been filled in with brick. A central entry with flanking columns is an alternation made after the 1960's. The interior of The Masonic Building boast 20-35 potential loft areas. A separate kitchen and multi purpose rooms.

The Masonic Building in its early years was considered the conductors hotel. Rail Conductors changing shifts and stopping through Memphis at the time would frequent the desirable location for a good nights rest.



Investment Highlights
  • Zoned: SM - South Main
  • Within the South Central Business Improvement District growth is being promoted
  • Just .06 Miles from The Historic Beale Street
  • Within 1 mile radius - Median HH Income annual growth of 3.09% between 2020-2025
  • Walking distance to the new Malco Powerhouse Cinema Grill & Bar located within the recently updated $55M redevelopment of Central Station
  • Central Station is also home to a boutique hotel, apartments, restaurants and retail
Sale Date
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Sold Price
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Buyer Borrower 1 Corp Indicator
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Buyer Borrower 1 Name
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Buyer Borrower 1 Ownership Rights Code
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Mortgage Recording Date
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Mortgage Maturity Date
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Mortgage Term
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Document Number
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Document Type
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Mortgage Interest Rate
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Mortgage Loan Type
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Mortgage Lender Name
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Loan Amount
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Mortgage Document Date
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Mortgage Document Number
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Mortgage Estimated Interest Rate Indicator
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Resale Flag
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Sales Price Code
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Seller 1 Corp Indicator
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Transaction Type
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Mortgage Loan Trans Type
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Seller 1 Name
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Transfer Tax
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Sold By
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Sold To
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Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Listing removed on
 BY:
JM
J.C. McKinnon PRO
•••.•••.6000
••••••••ncre@•••••.com
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Comparable Properties

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Rental Market Overview

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Memphis, TN median rent ********
***  ****** **** *** ******** ***
National median ********
Compare median rents across markets
Memphis, TN (this market)
Studio ******** 1 bed ******** 2 bed ********
Studio ******** 1 bed ******** 2 bed ********
Studio ******** 1 bed ******** 2 bed ********
Data provided byDwellsy IQ
*All information is deemed reliable but not guaranteed.
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