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Mixed-Use Property with Retail Potential
For Sale
$900,000

18 North 2nd Street, Memphis, TN 38103

Mixed-use complex offering potential for retail, office, and residential applications in downtown Memphis.

Property SizeContact for details
Days on Market602

Property Features for 18 North 2nd Street

General Information

Standard status Active
Property subtype Multi-Family / Other (See REMARKS)

Taxes and HOA fees

Annual Taxes $16,766

Amenities

Hardwood Throughout, Vinyl Floor
Refrigerator, Range/Oven (Freestanding), Disposal
Other (See REMARKS)

Building Details

Year Built 1903
Listing Agency: The Peyton Co., Inc., REALTORS
Listed By: Darlene Butler
Source: Compass
Added: Jan 6, 2025 Changed: Aug 30 Last Checked: Aug 30 at 11:50PM

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 The Peyton Co., Inc., REALTORS

Investment Insights

Based on property information with market context.

Located at 18 North 2nd Street in downtown Memphis, this mixed-use complex was built in 1903 and offers potential for retail, office, and residential applications. The property includes hardwood and vinyl flooring along with a freestanding range/oven, refrigerator, and disposal.

The site is positioned near the Peabody Hotel and within downtown Memphis. Its central setting and mixed-use format provide a basis for a range of commercial or development concepts identified in the property information.

Key Highlights

  • Mixed‑use property at 18 North 2nd Street in downtown Memphis
  • Built in 1903
  • Near the Peabody Hotel

Property Analytics

Current Use

350 Baked Bakery Immerse Health and Wellness Medical Clinic Miekas Massages & Manicures Alternative Medicine Practice HAIRY BUSINESS BARBERSHOP, ... Barber Shop

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Pet Grooming Service Furniture & Home Goods 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.

Location Intelligence

Trade Area within ½ mile

3,789
Businesses Nearby
129k
Monthly Visits Nearby

Foot Traffic Nearby

Hotels & Casinos 58% Dining 29% Shops & Services 13%
Flying Fish Dining
18,139 visits/mo 0.2 miles
Sheraton Memphis Downtown Hotel Hotels & Casinos
14,229 visits/mo 0.5 miles
Wendy's Dining
14,209 visits/mo 0.4 miles
Exxon Shops & Services
13,743 visits/mo 0.5 miles
DoubleTree by Hilton Hotel Memphis Downtown Hotels & Casinos
12,893 visits/mo 0.2 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

6.5% 2019
6.9% 2020
6.3% 2021
4.9% 2022
5% 2023
5.2% 2024
6.8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use complex offering potential for retail, office, and residential applications in downtown Memphis.
Where is this mixed-use property located?
The property is located at 18 North 2nd Street Memphis, TN.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Mixed‑use property at 18 North 2nd Street in downtown Memphis; Built in 1903; Near the Peabody Hotel
More about this property
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