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Downtown Memphis Mixed-Use Investment
For Sale
$885,000

18 N SECOND St, Memphis, TN 38103

MULTI_FAMILY - Memphis, TN

Property Size9,800 SF
Price / SF$90.31
Days on Market386

Property Features for 18 N SECOND St

General Information

Property type Residential Multi Family
Property subtype Other
Standard status Active
Size 9,800 SF

Taxes and HOA fees

Tax Annual Amount 9514

Building Details

Year built 1903
Listing Agency: The Peyton Co., Inc., REALTORS
Listed By: Darlene Butler
Added: Jul 22, 2025 Changed: May 28 Last Checked: Aug 11 at 3:06PM
MLS# 10201822

Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Located in downtown Memphis, this mixed-use complex offers an investment opportunity in a strategically positioned property. The site benefits from high visibility and consistent foot traffic, situated near landmarks such as the Peabody Hotel. The property's location is surrounded by cultural, commercial, and entertainment hubs, making it suitable for retail, dining, and service-oriented tenants. The zoning supports a variety of uses. The property offers versatility and prominence in a desirable Memphis district.

Key Highlights

  • Prime Downtown Memphis Location: Steps from the iconic Peabody Hotel.
  • High Foot Traffic: Ideal for attracting retail, dining, and service‑oriented tenants.
  • Flexible Zoning: Supports a variety of uses.

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

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 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?
Mixed-use property - Mixed-use property in downtown Memphis near iconic landmarks.
Where is this mixed-use property located?
The property is located at 18 N SECOND St Memphis, TN.
What is the asking price?
The asking price for this property is $885,000.
What are key features of this property?
This property features: Prime Downtown Memphis Location: Steps from the iconic Peabody Hotel.; High Foot Traffic: Ideal for attracting retail, dining, and service‑oriented tenants.; Flexible Zoning: Supports a variety of uses.
More about this property
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