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Office Building with Mississippi River Views
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40 S Main St, Memphis, TN 38103

Downtown office tower with sweeping Mississippi River and city views plus extensive capital improvements since 2010.

Property Size146 SF
Days on Market1261

Property Features for 40 S Main St

General Information

Standard status Active
Size 146 SF
Property subtype OFFICE
Listing Agency: CBRE | Memphis
Listed By: Ronald "Ron" Kastner
Source: Moodyscre
Added: Feb 17, 2023 Changed: Jul 31 Last Checked: Jul 31 at 6:23AM

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 CBRE | Memphis

Investment Insights

Based on property information with market context.

One Commerce Square is an office building offering sweeping views of the Mississippi River and downtown Memphis. The property has undergone significant capital improvements since 2010, including modernization of the elevators, new roofs on the office tower and annex, chiller replacements, and LED lighting in the garage. Additional upgrades include improvements to the building lobby and common areas.

Located at 40 S Main St, tenants can access major entertainment and sporting venues with ease, including AutoZone Park, the Orpheum Theatre, FedEx Forum, and the Beale Street Entertainment District.

For organizations seeking a highly visible downtown office presence with consistently refreshed building systems and common areas, One Commerce Square provides a mature, amenity-focused office environment.

Key Highlights

  • Sweeping views of the Mississippi River and downtown Memphis
  • Capital improvements since 2010 including elevator modernization
  • New roofs on the office tower and annex

Property Analytics

Current Use

Heart of the House Memphis Employment Agency Archibald & Halmon Law Firm White Leigh Taylo Law Firm Ryder John L Law Firm LAB Digital Creative Marketing & Advertising

Suggested Use

Top Pick Furniture & Home Goods (Bike/Boat/Book/etc) Store Veterinary Clinic Pet Grooming Service Tanning Salon Carpet & Flooring Store

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

Location Intelligence

Trade Area within ½ mile

3,426
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

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
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Frequently Asked Questions

What type of property is this?
Office building - Downtown office tower with sweeping Mississippi River and city views plus extensive capital improvements since 2010.
Where is this office building located?
The property is located at 40 S Main St Memphis, TN.
What are key features of this property?
This property features: Sweeping views of the Mississippi River and downtown Memphis; Capital improvements since 2010 including elevator modernization; New roofs on the office tower and annex
(901) 335-2266 Call to check price and availability
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