Listing Agency: Colliers | Memphis Show Phone

Listed By: Hunter Adams · License #329609 Show Phone

Source: Moodyscre

Added: Feb 3, 2023 Changed: Sep 3 Last Checked: Sep 4 at 4:05PM

Report an Issue

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 Colliers | Memphis

Investment Insights

Based on property information with market context.

This historic four-story building is located in the heart of Downtown Memphis. The property includes a 0.18-acre adjacent lot. The building features open floor plans with tall ceilings, wood floors, and a brick exterior. Multiple improvements have been made since 1998, including an updated sprinkler system and a new roof. A working freight elevator is also present. The property has a size of 16,000 square feet.

Key Highlights

• Historic 4‑Story Building in the Heart of Downtown Memphis
• Rare 0.18 Acre Adjacent Lot in Downtown Memphis
• Brand New Roof

Property Analytics

Property Profile

Current Use

Warehouses

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Home Appliance Store HVAC Service Garden Center Furniture & Home Goods Tanning Salon

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

1,456

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Industrial in Memphis, TN

5.5% 2019

6.3% 2020

4.8% 2021

4.5% 2022

7.4% 2023

8.8% 2024

8.5% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Dollar Tree NNN Retail Property

1246 Lamar Ave, Memphis, TN 38104

$1,193,000

8,320 SF

View details

Historic Mixed-Use Property

126 Monroe Ave, Memphis, TN 38103

$875,000

10,187 SF

View details

Freestanding Retail Redevelopment Building

2029 Union Avenue, Memphis, TN 38104

$525,000

7,094 SF

View details

Freestanding Office Units

2004 Exeter, Memphis, TN 38138

$599,000

2,000 SF

View details

Freestanding Retail Building with Offices

5685 Quince Road, Memphis, TN 38119

$2,500,000

13,416 SF

View details

Two-Story Office Building

3320 Austin Peay Hwy, Memphis, TN 38128

$1,299,000

20,710 SF

View details

Flex Space with Grade Doors

3212 Jean Dr, Memphis, TN 38118

$630,000

11,066 SF

View details

Four-Tenant NNN Retail Center

2094 Frayser Blvd, Memphis, TN 38127

$524,285

2,950 SF

View details

Manufacturing Property with Cranes

1199 Thomas St, Memphis, TN 38107

$1,500,000

109,340 SF

View details

Two-Level Restaurant Condominium

95 S Main St, Memphis, TN 38103

$694,000

3,065 SF

View details

46-Unit Apartment Portfolio

3439 SOUTHERN Ave, Memphis, TN 38111

$1,900,000

7,000 SF

View details

Drive-Thru Coffee Kiosk NNN

1698 Poplar Ave, Memphis, TN 38112

$1,805,000

806 SF

View details

Similar Off Market Nearby

• Self-Storage at U-Haul — 137 W Illinois Ave, Memphis, TN 38106
• Lucky Self Storage — 325 GE Patterson Ave, Memphis, TN 38126
• Front Street Vintage Auto Storage — e butler ave, memphis, tn 38103
• Public Storage — 390 S Front St, Memphis, TN 38103
• Self-Storage at U-Haul — 370 Union Ave, Memphis, TN 38103

Frequently Asked Questions

What type of property is this?

Warehouse - Four-story, 16,000 SF building with adjacent lot in downtown.

Where is this warehouse located?

The property is located at 491 S Main St Memphis, TN.

What are key features of this property?

This property features: Historic 4‑Story Building in the Heart of Downtown Memphis; Rare 0.18 Acre Adjacent Lot in Downtown Memphis; Brand New Roof