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Property Details

Status:
For Sale
Property Type:
Commercial Building
Price:
$3,000,000.00
Auction Date:
9/17/2025
Address:
645 E Georgia Avenue, Memphis, Tennessee 38126
Land Area:
3.54 AC
Building Area:
42000
Year Built:
1962
Type:
Auction / Foreclosure / BankOwned
Description:
Foreclosure Auction – 42,000+/-SF Multi-Use Commercial Building on 3.54+/- Acres Iconic 42,000 +/- Square Foot Former Club Paradise •Entertainment and Event Venue with Deep Cultural and Musical Heritage. •Expansive 3.54-Acre +/- Site with Ample Surface Parking •Zoned CMU-1, Allowing Flexible Commercial and Mixed-Use •Strategically Located Within 2 Mile of Downtown Memphis and the Entertainment District. •Positioned in the Heart of the South City Redevelopment Corridor with Active Investment Momentum. •Reported Recent Improvements Including Access Enhancements, Lighting, and Signage Upgrades and Roof. •Well-Suited for Adaptive Reuse or Continue as Club and Event Venue •Located Within a Federal Opportunity Zone, Offering Potential Tax Incentives. •Prominent Street Frontage with Excellent Visibility along East Georgia Avenue. •Don’t Miss this Opportunity to Bid Your Price on an Iconic Memphis Property Ready for Your Vision! Tranzon Asset Advisors, Tim Mast, TN Broker and Auctioneer #5252 10[%] Buyer''s Premium and other terms apply Online bidding ends September 17th at 5:00 pm ET Property Address:645 E. Georgia Avenue Memphis, TN 38126 Contact Wyatt Mast at 888-791-7307 ext. 812 or wmast@tranzon.com Case # CH-25-0370 in the Chancery Court of Shelby County, TN

Contact

Agent:
Edward Durnil
Company:
Tranzon
Phone:
(270) 7690284
Website:
www.tranzon.com/assetadvisors/default.aspx

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NOTES: THIS OFFERING IS SUBJECT TO ERRORS, OMISSIONS, PRIOR SALE, OR WITHDRAWAL WITHOUT NOTICE.

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