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Mixed-Use Property with Storefronts
New
For Sale
$525,000

1140 College St, Memphis, TN 38106

Three commercial units and a rear residence create a multi-part property configuration.

Property Size5,310 SF
Price / SF$98.87
Days on Market2

Property Features for 1140 College St

General Information

Standard status Active
Size 5,310 SF
Property subtype Multi-Family

Property Condition

Severity Major Repairs Needed
Evidence requires a full rehab

Building Details

Year Built 1913
Listing Agency: Marx-Bensdorf, Realtors
Listed By: Stacia Rosatti
Source: Staciarosatti
Added: Oct 20 Changed: Oct 21 Last Checked: Oct 20 at 7:49PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marx-Bensdorf, Realtors

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Investment Insights

Based on property information with market context.

This 5,310-square-foot mixed-use property, built in 1913, comprises three commercial storefront units and a rear residential home. Each storefront can accommodate two rooms or offices; the residence has two rooms, one bath, and a garage. The building requires a full rehabilitation and is offered in as-is condition.

At 1140 College St in Memphis, the property is next to the Stax Museum of American Soul Music. The address places it in the historic Soulsville area.

Key Highlights

  • 5,310 SF mixed‑use property built in 1913
  • Three commercial storefront units; each can fit two rooms or offices
  • Rear residence has two rooms, one bath, and a garage

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Parking Lot & Garage Pharmacy Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

548
Businesses Nearby
13k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Mobil Shops & Services
8,106 visits/mo 0.5 miles
Valero Energy Shops & Services
5,186 visits/mo 0.5 miles

Demographics for 38106, TN

22,394
Population
11,630
Households
1.9
Avg Household Size
41
Median Age
12%
College-Educated
83%
High-School Grad
10.4 sq mi
ZIP Area
2,153
Density / Sq Mi
$29,818
Median Household Income
$30,101
Median Earnings
$915
Median Rent
$66,400
Median Home Value
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Market

Vacancy Rate% for Retail in Memphis, TN

6.5% 2019
6.9% 2020
6.3% 2021
4.9% 2022
5% 2023
5.2% 2024
6.8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Three commercial units and a rear residence create a multi-part property configuration.
Where is this mixed-use property located?
The property is located at 1140 College St Memphis, TN.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 5,310 SF mixed‑use property built in 1913; Three commercial storefront units; each can fit two rooms or offices; Rear residence has two rooms, one bath, and a garage
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