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Furnished Short-Term Rental Leasehold
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156 Beale St, Memphis, TN 38103

One-bedroom furnished leasehold with updated language supporting short-term rental and commercial use.

Property SizeContact for details
Days on Market143

Property Features for 156 Beale St

General Information

Standard status Active
Property subtype Mixed Use

Additional Details

Asking Price $125,000
Listing Agency: Woodyard Realty Corporation
Listed By: Worth Woodyard · License #356099
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 8:40PM

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 Woodyard Realty Corporation

Investment Insights

Based on property information with market context.

This furnished leasehold interest includes a one-bedroom layout with 1.5 baths and is positioned for short-term rental use. The current lease runs through December 31, 2027, with an additional 7-year extension available. Updated assignment language addresses short-term rental and commercial use.

The property is located on Beale Street within downtown Memphis and the National Historic Landmark district. Nightclubs, restaurants, and shops are located within 3 blocks, placing the unit among the entertainment and dining destinations associated with Beale Street.

Key Highlights

  • Leasehold interest with current term through December 31, 2027
  • Additional 7‑year lease extension available
  • One‑bedroom unit with 1.5 baths

Property Analytics

Current Use

Beale Sweets Sugar ... Specialty Food Shop

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Carpet & Flooring Store Butcher Pet Grooming Service Furniture & Home Goods

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

3,426
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

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Short term rental property - One-bedroom furnished leasehold with updated language supporting short-term rental and commercial use.
Where is this short term rental property located?
The property is located at 156 Beale St Memphis, TN.
What are key features of this property?
This property features: Leasehold interest with current term through December 31, 2027; Additional 7‑year lease extension available; One‑bedroom unit with 1.5 baths
(901) 273-6648 Call to check price and availability
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