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545 S Main St Memphis, TN 38103

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For Sale
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Rare parking lot investment opportunity in Downtown Memphis.

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Listing Contact
Jonathan Aur
Jonathan Aur
Source: Jonesaur

Listing Agency: Jones Aur Commercial Real Estate | Memphis Listing Agent: Jonathan Aur

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

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Overview

Downtown Memphis Parking Lot Investment

Located in the heart of Downtown Memphis, this parking lot presents a rare investment opportunity. The property is situated near major traffic drivers, including the Memphis Amtrak Station, which sees over 68,000 annual passengers, and the Curio Hotel. The parking lot features an elevated platform, providing enhanced security with a single entry and exit point, which is suitable for controlled access. Currently operating on an honor system, the property offers value-add potential through updated management and operational modernization. The property is offered at a discount to replacement cost. The location benefits from a very competitive parking environment and high-value overnight and daily parking demand. The property has strong long-term revenue potential from built-in demand.
Location Intelligence

Current Use by Public Records

The Central Station Memphis, ... Hotel & Motel Memphis Central Station Train Station Zio Matto Gelato Grocery & Convenience Store Premium Parking - P2738 Parking Lot & Garage Chick Gifts (Bike/Boat/Book/etc) Store

Suggested Use

Real Estate Agency Spa & Massage Center Dental Office Hair Salon Restaurant Nail Salon Building Supply Gym & Fitness Center Daycare Center Skin Care Clinic

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

Similar Places Nearby

U-Haul Moving & Storage of South Bluffs, Trailer Rental at U-Haul, U-Box at U-Haul, Propane Refill at U-Haul, Truck Rental at U-Haul

Location Insight

  • Map
  • Local Demand
City
Memphis
County
Shelby
State
Tennessee
Longitude
-90.0591368
Latitude
35.1324158

FAQs

What type of property is this?
Parking lot & garage - Rare parking lot investment opportunity in Downtown Memphis.
Where is this parking lot & garage located?
The property is located at 545 S Main St Memphis, TN.
What are key features of this property?
This property features: - Priced below replacement cost, offering a smart investment entry point.; - Located in the heart of Downtown Memphis near the Memphis Amtrak Station and the Curio Hotel.; - Significant upside potential through operational modernization and updated management.
More about this property
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