Live-Work Creative Mixed-Use
2562 Sam Cooper Blvd, Memphis, TN 38112
For Sale
$239,000
Mixed-use space with enclosed bedrooms, full kitchen, and secured outdoor areas, sized for flexible living, office, or retail use.
Property Size1,394 SF
Price / SF$171.45
Days on Market143
Property Features for 2562 Sam Cooper Blvd
General Information
Standard status
Size
Site & Location
Neighborhood
Traffic Count
Fenced Yard
Additional Details
Business Included
Building Details
Year Built
Listing Agency:
Crye-Leike, Inc., REALTORS
Listed By:
Chris Garland · License TN #232993
(901) 338-3226
Source:
Bryanrealty
Added: Jun 22
Changed: Oct 25
Last Checked: Oct 7 at 3:53PM
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 Crye-Leike, Inc., REALTORS
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Investment Insights
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This versatile live-work creative property combines residential-style interiors with flexible work and client use. The home includes two enclosed bedrooms, one full bath, a full kitchen, and flexible living/dining areas that can function as conference space or shared work areas. On-site improvements include gated and fenced rear parking, a fenced backyard, a storage shed, and a workshop, along with a security system. Recent upgrades include a new dishwasher, water heater, and range hood, and the stove is described as like new, supporting a move-in-ready condition.
The property is located in the Broad Avenue Arts District, described as being in the heart of the area, with Overton Park approximately two blocks away and within walking distance of restaurants, coffee shops, bars, galleries, and retail. Visibility is supported by proximity to Sam Cooper Boulevard, with the remarks citing approximately 35,000 cars passing daily on nearby Sam Cooper.
Zoned for residential, office, and retail use, this configuration can support a variety of owner-operator and small business scenarios where day-to-day work and personal space are on the same site. The combination of fenced outdoor areas and secured parking can also be helpful for tenants or buyers looking for practical, self-contained functionality alongside flexible indoor space.
The property is located in the Broad Avenue Arts District, described as being in the heart of the area, with Overton Park approximately two blocks away and within walking distance of restaurants, coffee shops, bars, galleries, and retail. Visibility is supported by proximity to Sam Cooper Boulevard, with the remarks citing approximately 35,000 cars passing daily on nearby Sam Cooper.
Zoned for residential, office, and retail use, this configuration can support a variety of owner-operator and small business scenarios where day-to-day work and personal space are on the same site. The combination of fenced outdoor areas and secured parking can also be helpful for tenants or buyers looking for practical, self-contained functionality alongside flexible indoor space.
Key Highlights
- 1927 mixed‑use property with approx. 1,400 sq. ft.
- 2 enclosed bedrooms, 1 full bath, full kitchen, and flexible living/dining areas for office or shared workspace use.
- Zoned for residential, office, and retail use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,328
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,560
$426.6K
Cap Rate 7%
$304,686
$304.7K
Cap Rate 9%
$236,978
$237.0K
Market Conditions
NOI Build-Up for 1,394 SF
Gross rent
$33.5K $24.00/SF
− Vacancy
−$5.0K −$3.60/SF
EGI
$28.4K $20.40/SF
− OpEx
−$7.1K −$5.10/SF
NOI
$21.3K $15.30/SF
Area
Memphis, TN
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,560
Cap Rate 7%
$304,686
Cap Rate 9%
$236,978
Alternative Uses
Best Use
Office B
$304.7K
$266.6K – $355.5K
NOI $21,328 @ 7.0% cap · market cap 8.92%
Second Best
Mixed Use
$242.0K
$211.7K – $282.3K
NOI $16,937 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$412.0K
$360.5K – $480.7K
NOI $28,839 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
35,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
719
Businesses Nearby
Explore this area
Business Placement
Demographics for 38112, TN
16,970
Population
7,425
Households
2.3
Avg Household Size
32
Median Age
38%
College-Educated
85%
High-School Grad
4.8 sq mi
ZIP Area
3,535
Density / Sq Mi
$52,639
Median Household Income
$29,576
Median Earnings
$969
Median Rent
$206,900
Median Home Value
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Market
Vacancy Rate% for Office in Memphis, TN
Frequently Asked Questions
What type of property is this?
Live-work space - Mixed-use space with enclosed bedrooms, full kitchen, and secured outdoor areas, sized for flexible living, office, or retail use.
Where is this live-work space located?
The property is located at 2562 Sam Cooper Blvd Memphis, TN.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: 1927 mixed‑use property with approx. 1,400 sq. ft.; 2 enclosed bedrooms, 1 full bath, full kitchen, and flexible living/dining areas for office or shared workspace use.; Zoned for residential, office, and retail use.
