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128 Adams Avenue

128 Adams Avenue, Memphis, TN 38103
Commercial in Downtown Memphis
128 Adams Avenue in Memphis, TN was first built in 1911 and is 113 years old. This has been categorized as a office property type. It is a single story home. 128 Adams Avenue has 60,689 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 37,200 square feet.

Learn more about the property and building on this page. The building type has been coded as 2. The code stands for buildings that have fireproofed reinforced concrete frames carrying all wall, floor and roof loads which are all non-combustible.. There is a unknown. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as poor. The exterior walls of the home are made of rock and stone. Walk into the home itself and you'll find that it is currently being cooled with no air conditioning. As for heating, the home is utilizing no heating system. The property was last sold in Sep 15, 2016 for $200,000. That's $3.30 per sqft. 128 Adams Avenue was last assessed in 2022. The total value of the property was assessed at $803,560. Specifically, the land the property is located on was valued at $311,560. While improvements on the property were assessed at a total of $492,000. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $48,950. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210817
08/17/2021
Loft
-
-
$4,950,000
bedrooms
Loft
bathrooms
-
-
-
-
Jeanette Lin
Pinnacle Realty

Building Info

Overview

    General

  • Year Built: 1911
  • Effective Year Built: 1911
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Poor
  • Building Quality: B
  • Construction Type: Frame
  • Exterior Walls Type: Rock and stone
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 37,200
  • Total Building Area: 60,689
  • Gross Building Area: 60,689
  • Building Area: 60,689
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: None
  • Heated Square Feet: 60,689
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Fireproof reinforced concrete frames/Non-combustible materials
  • Property Class: Office
  • Subdivision: 128 ADAMS
  • Land Acres: 0.854
  • Standard Land Use Code: Commercial office (general)
  • Legal Description 1: NS ADAMS COR SECOND NW SEE MAP 132 F

Ownership

  • Current Owner : NCE REALTY AND CAPITAL GROUP LLC
  • Previous Owner : CITY OF MEMPHIS
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Jun 22, 2023

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 004200

Zoning

  • Zoning: CBD

Geography

  • Assessors Map Reference: MB 269-011
  • District: O
  • Parcel: 00-2019-0-0003
  • Lot: 1
  • Municipality: MEMPHIS
  • Latitude: 35.1482
  • Longitude: -90.0505

    Address

  • Full Address: 128 Adams Ave
  • Address - House Number: 128
  • Address - Street Name: Adams
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C007
  • 4-Digit Zip Code: 2016
  • Zip Code: 38103

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $48,950

    Market Valuation

  • Market Total Value: $2,008,900
  • Market Land Value: $778,900
  • Market Improvement Value: $1,230,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $803,560
  • Assessed Land Value: $311,560
  • Assessed Improvements Value: $492,000

    Sales

  • Current Sale Contract Date: Sep 15, 2016
  • Current Sale Recording Date: Sep 20, 2016
  • Current Sale Transaction ID: 1764249361
  • Current Sale Price: $200,000
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 16096324

About Downtown Memphis



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Frequently Asked Questions

What neighborhood is 128 Adams Avenue located in?
The 128 Adams Avenue is a commercial located in the neighborhood of Downtown Memphis in Downtown Memphis, Memphis.
What is the average sales price for listings in 128 Adams Avenue?
The average sales price for units in 128 Adams Avenue is $0 currently.

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