Office Tower with River
For Lease
Contact for pricing
40 S Main St, Memphis, TN 38103
Modernized office tower with renovated elevators, updated roofs, chiller replacements, and LED lighting in common areas and the garage.
Property Size3,107 SF
Days on Market1261
Property Features for 40 S Main St
General Information
Standard status
Active
Size
3,107 SF
Property subtype
OFFICE
Listing Agency:
CBRE | Memphis
(901) 335-2266
Listed By:
Ronald "Ron" Kastner
(901) 335-2266
Source:
Moodyscre
Added: Feb 17, 2023
Changed: Jul 25
Last Checked: Jul 31 at 11:26AM
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 CBRE | Memphis
Investment Insights
Based on property information with market context.
One Commerce Square is a prominent office tower featuring a series of capital improvements completed since 2010. The property has undergone modernization of the elevators, new roofs on the office tower and annex, chiller replacements, and LED lighting installations in the garage, along with upgrades to the building lobby and common areas.
Designed for visibility and landmark presence, the building is described as the most visible structure on the Downtown Memphis skyline. Tenants can take advantage of sweeping views of the Mississippi River and downtown Memphis, with convenient access to local entertainment and sporting venues including AutoZone Park, the Orpheum Theatre, FedEx Forum, and the Beale Street Entertainment District.
For leasing, One Commerce Square offers an updated, well-maintained office environment supported by ongoing improvements to major building systems and key shared spaces.
Designed for visibility and landmark presence, the building is described as the most visible structure on the Downtown Memphis skyline. Tenants can take advantage of sweeping views of the Mississippi River and downtown Memphis, with convenient access to local entertainment and sporting venues including AutoZone Park, the Orpheum Theatre, FedEx Forum, and the Beale Street Entertainment District.
For leasing, One Commerce Square offers an updated, well-maintained office environment supported by ongoing improvements to major building systems and key shared spaces.
Key Highlights
- $5.0M+ in capital improvements since 2010, including elevators, roofs, chillers, and lobby/common area upgrades
- Modernized elevator systems with modernization completed as part of the $5.0M+ improvements
- New roofs on the office tower and annex included in the capital improvement program
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
3,426
Businesses Nearby
Explore this area
Business Placement
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
Lease Benchmarks for Memphis, TN
$17.95 /SF/Yr
Avg Asking Price
$0.7–$26 /SF/Yr
Price Range
30,262 SF
Avg Space Size
Vacancy Rate% for Office in Memphis, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Modernized office tower with renovated elevators, updated roofs, chiller replacements, and LED lighting in common areas and the garage.
Where is this office building located?
The property is located at 40 S Main St Memphis, TN.
What are key features of this property?
This property features: $5.0M+ in capital improvements since 2010, including elevators, roofs, chillers, and lobby/common area upgrades; Modernized elevator systems with modernization completed as part of the $5.0M+ improvements; New roofs on the office tower and annex included in the capital improvement program
