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460 Tennessee St, Memphis, TN 38103

Office building available for lease near Beale Street and downtown Memphis destinations.

Property Size18,000 SF
Days on Market691

Property Features for 460 Tennessee St

General Information

Standard status Active
Size 18,000 SF
Property subtype OFFICE
Lease Type SF/yr

Additional Details

Space Use Office
Listing Agency: NAI Saig Company - Memphis
Listed By: Brian Califf · License ##299669
Source: Moodyscre
Added: Sep 11, 2024 Changed: Jul 30 Last Checked: Aug 1 at 12:02PM

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 NAI Saig Company - Memphis

Investment Insights

Based on property information with market context.

This office building offers approximately 18,000 square feet in a downtown Memphis setting, available for lease. The property is positioned just steps from Beale Street, known for its live music venues and historic significance.

Tenant amenities and day-to-day convenience are supported by nearby dining options, including Flight Restaurant and Wine Bar, along with the hustle and bustle of Main Street. For arts and culture, the South Main Arts District is close by, with galleries and creative spaces.

Outdoor recreation and waterfront access are also within the area, with the Mississippi River and Tom Lee Park nearby—offering a balance of work and leisure for prospective office tenants.

Key Highlights

  • Approximately 18,000 SF office building available for lease
  • Just steps from Beale Street with live music and historic significance
  • Close to Main Street dining and downtown activity

Property Analytics

Current Use

Kuzniewski Productions Photography Service

Suggested Use

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

Lease Details

NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,985
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

$17.95 /SF/Yr
Avg Asking Price
$0.7–$26 /SF/Yr
Price Range
30,262 SF
Avg Space Size

This space is priced 11% below the average of $17.95 /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?
Office building - Office building available for lease near Beale Street and downtown Memphis destinations.
Where is this office building located?
The property is located at 460 Tennessee St Memphis, TN.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Approximately 18,000 SF office building available for lease; Just steps from Beale Street with live music and historic significance; Close to Main Street dining and downtown activity
(901) 526-3100 Call to check price and availability
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