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Retail Space with Rooftop Patio
For Lease
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119 S Main St, Memphis, TN 38103

Retail and office space with rooftop patio, conference center, fitness facility, and direct access to Main Street Trolley.

Property Size1,400 SF - 34,000 SF
Days on Market331

Property Features for 119 S Main St

General Information

Standard status Active
Size 1,400 SF - 34,000 SF
Net Rentable 1,400 SF
Property subtype RETAIL
Lease Type Gross

Space & Availability

Available Space 1,400-34,000 SF
Space Use Office

Additional Details

Lease Rate $18.50
Public Transit Yes

Amenities

on-site shopping and dining
on-site security guard
rooftop patio and conference center
on-site fitness facility
adjacent parking garage
direct access to Main Street Trolley line
within walking distance of many area shops and restaurants

Building Details

Year Renovated 1997
Building Size 174,597 SF
Listing Agency: CBRE | Memphis
Listed By: Patrick Reilly
Source: Moodyscre
Added: Sep 5, 2025 Changed: Jul 30 Last Checked: Jul 31 at 10:24AM

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 CBRE | Memphis

Investment Insights

Based on property information with market context.

This retail space offering includes office and retail accommodations in a building that underwent award-winning renovations in 1997. Tenants benefit from on-site security guard coverage, along with an on-site shopping and dining environment. The building features a rooftop patio and conference center, plus an on-site fitness facility to support day-to-day operations.

The property totals 174,597 SF, with 1,400 - 34,000 SF available, and an adjacent parking garage with ample space. There is direct access to the Main Street Trolley line, and the location is within walking distance of many area shops and restaurants in Memphis, TN.

For tenants seeking a combined retail and office setting, the building’s mix of amenities and direct transit access are practical considerations when evaluating space requirements within the available size range.

Key Highlights

  • Award‑winning renovations completed in 1997
  • Rooftop patio and conference center
  • On‑site security guard and fitness facility

Property Analytics

Current Use

Worldwide Contractor Services General Contractor HF Law Group, ... Law Firm Law Office of David ... Law Firm Legal Evidence Corp IT Consulting Firm Arie Jett, PTA Physician

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Furniture & Home Goods Pet Grooming Service Tanning Salon Carpet & Flooring Store Fish Market

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

Lease Details

NNN (Triple Net)
Lease Type
$2.78 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,542
Businesses Nearby

Demographics for 38103, TN

14,739
Population
8,811
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
95%
High-School Grad
2.7 sq mi
ZIP Area
5,459
Density / Sq Mi
$75,763
Median Household Income
$60,918
Median Earnings
$1,575
Median Rent
$380,900
Median Home Value

Market

Lease Benchmarks for Memphis, TN

$18 /SF/Yr
Avg Asking Price
$6–$36 /SF/Yr
Price Range
34,318 SF
Avg Space Size

This space is priced 3% above the average of $18 /SF/Yr.

Vacancy Rate% for Office in Memphis, TN

14.6% 2019
15% 2020
16.8% 2021
16.2% 2022
17.3% 2023
16.7% 2024
17.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail and office space with rooftop patio, conference center, fitness facility, and direct access to Main Street Trolley.
Where is this retail space located?
The property is located at 119 S Main St Memphis, TN.
What are key features of this property?
This property features: Award‑winning renovations completed in 1997; Rooftop patio and conference center; On‑site security guard and fitness facility
(901) 260-1054 Call to check price and availability
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