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    491 S Main St Memphis, TN 38103

    For Sale
    Contact for pricing

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

    Property size:
    16,000 SF
    Lot size:
    0.29 Acres

    Property Features for 491 S Main St

    General Information

    Size
    16,000 SF
    Lot size
    0.29 Acres

    Source: Colliers | Memphis Agent Hunter Adams

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Memphis Historic Building

    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.
    Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Realty agency Spa & Massage Dental Office Hair Salon Restaurant Nail Salon Building Supply Clothing Store Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Public Storage, Front Street Vintage Auto Storage, Lucky Self Storage, Self-Storage at U-Haul, Extra Space Storage

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0591204
    Latitude
    35.1338921

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    FAQs

    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
    (901) 483-1885
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    491 S Main St Memphis, TN 38103
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