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Mixed-Use Property with Retail Space
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 Market431

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: Aug 19 Last Checked: Sep 25 at 10:06PM
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.

This mixed-use property encompasses 9,800 square feet and dates to 1903. Retail space is identified within the property classification, while the source information also presents the asset in connection with office, dining, service, and residential development concepts.

Located at 18 N SECOND St in Downtown Memphis, the property is near The Peabody Hotel and sits within a district described as having cultural, commercial, and entertainment activity. Its central Memphis setting and mixed-use classification provide the core physical and locational characteristics for evaluating the property.

Key Highlights

  • 9,800‑square‑foot mixed‑use property
  • Constructed in 1903
  • Retail space included in the property classification

Property Analytics

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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 Veterinary Clinic Pet Grooming Service (Bike/Boat/Book/etc) Store 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Downtown Memphis property offering a mixed-use configuration with retail space and proximity to The Peabody Hotel.
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: 9,800‑square‑foot mixed‑use property; Constructed in 1903; Retail space included in the property classification
More about this property
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