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Winchester Building Sells for $1,267,000

Building in Downtown Memphis Sells to Investor
August 18, 2014
The property at 179 Madison Ave. in downtown Memphis was sold by Memphis Center City Finance Corp. to a private investor for $1,267,000.
Snay Patel acquired the property known as the Winchester Building, which had been on the market since March 2012. The deal was brokered by Nash Hassan of Memphis Property Management Professionals.
The property is a six-story, 43,824-square-foot building located in the Memphis central business district. The property was built in 1924 and was renovated in 1984. It is currently fully occupied.
Please see CoStar COMPs ID #3076322 for more information on this transaction.
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