The guitar company Gibson Brands Inc. is putting its Downtown Memphis factory on the market because they are look for a new smaller home.
The 18-year-old Gibson guitar factory located on nearly six acres at 145 Lt. George W. Lee Ave. across South B.B. King Boulevard in at 127,620 square feet and has 330 space parking lot. And it could be yours for $17 million.
The company will stay in this current facility for another 18 to 24 months while a new location is found. The owners feel that the current location is too big for what they need.
The Memphis plant is one of Gibson’s three production facilities, and the only one open for tours. It produces semi-hollow electric guitars, including the Gibson ES line, and custom instruments. Gibson’s solid-body electric guitars are made in Nashville, while its acoustic guitars are produce in Bozeman, Montana.
Presumably it’s hoped that the sale will go some way to paying off Gibson’s debt, which reportedly approached $520 million in August.
Source: Memphis Daily News