Freestanding Downtown Redevelopment
For Sale
Contact for pricing
122 S Main St, Memphis, TN 38103
Freestanding building with ground-floor retail and two additional floors, including underground parking, ideal for redevelopment.
Property Size52,684 SF
Days on Market80
Property Features for 122 S Main St
General Information
Standard status
Active
Size
52,684 SF
Property subtype
Single Tenant or Freestanding Building
Building Details
Stories
3
Listing Agency:
TSCG The Shopping Center Group Memphis
(901) 334-5702
Listed By:
Shawn Massey, CCIM, CRRP, ALC · License #372782
Source:
Theshoppingcentergroup
Added: Jun 2
Changed: Aug 14
Last Checked: Aug 20 at 5:48AM
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 TSCG The Shopping Center Group Memphis
Investment Insights
Based on property information with market context.
This freestanding building offers 52,684 square feet of available space and is configured for mixed-use potential. The ground floor is positioned for retail, with two additional floors above. On-site improvements include an underground parking garage, supporting tenants and guests and adding flexibility for future operating concepts.
The property is located in the heart of Downtown Memphis, prominently situated on the main retail corridor of South Main. It is described as being about a two-minute walk from AutoZone Headquarters, as well as near Beale Street, a major entertainment district that attracts more than four million tourists annually. The combination of visibility and walkable access in a central downtown setting is a key part of the asset’s appeal.
For buyers and developers, the property presents a redevelopment opportunity for a boutique hotel, as well as alternate uses such as office, retail, or multi-family. That versatility can be valuable for teams exploring repositioning strategies in a high-activity downtown location, where strong demand drivers include large local employment and ongoing visitor traffic.
The property is located in the heart of Downtown Memphis, prominently situated on the main retail corridor of South Main. It is described as being about a two-minute walk from AutoZone Headquarters, as well as near Beale Street, a major entertainment district that attracts more than four million tourists annually. The combination of visibility and walkable access in a central downtown setting is a key part of the asset’s appeal.
For buyers and developers, the property presents a redevelopment opportunity for a boutique hotel, as well as alternate uses such as office, retail, or multi-family. That versatility can be valuable for teams exploring repositioning strategies in a high-activity downtown location, where strong demand drivers include large local employment and ongoing visitor traffic.
Key Highlights
- 52,684 SF freestanding building for sale with ground‑floor retail plus 2 additional floors
- Includes an underground parking garage
- Redevelopment opportunity for a boutique hotel, office, retail, or multi‑family
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,542
Businesses Nearby
87k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 70%
Dining 26%
Apparel 3%
Shops & Services 1%
Flying Fish
Dining
18,139 visits/mo
0.1 miles
DoubleTree by Hilton Hotel Memphis Downtown
Hotels & Casinos
12,893 visits/mo
0.2 miles
Hampton Inn & Suites Memphis Beale Street
Hotels & Casinos
11,520 visits/mo
0.2 miles
Hilton Garden Inn Memphis Downtown
Hotels & Casinos
7,623 visits/mo
0.2 miles
Hotel Indigo Memphis Downtown
Hotels & Casinos
6,922 visits/mo
0.3 miles
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
Vacancy Rate% for Retail in Memphis, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding building with ground-floor retail and two additional floors, including underground parking, ideal for redevelopment.
Where is this retail space located?
The property is located at 122 S Main St Memphis, TN.
What are key features of this property?
This property features: 52,684 SF freestanding building for sale with ground‑floor retail plus 2 additional floors; Includes an underground parking garage; Redevelopment opportunity for a boutique hotel, office, retail, or multi‑family
