Modern Office Building with River
For Lease
Contact for pricing
40 S Main St, Memphis, TN 38103
Office building with updated elevators, new roofs, chiller replacements, and LED garage lighting, plus sweeping river and downtown views.
Property Size2,379 SF
Days on Market1261
Property Features for 40 S Main St
General Information
Standard status
Active
Size
2,379 SF
Property subtype
OFFICE
Lease Type
SF/yr
Listing Agency:
CBRE | Memphis
(901) 335-2266
Listed By:
Ronald "Ron" Kastner
(901) 335-2266
Source:
Moodyscre
Added: Feb 17, 2023
Changed: Jul 26
Last Checked: Jul 31 at 1:48PM
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 an office building that has invested more than $5.0 million in capital improvements since 2010. Updates include modernization of the elevators, new roofs on the office tower and annex, chiller replacements, LED lighting in the garage, and numerous upgrades to the building lobby and common areas.
Located at 40 S Main St in Memphis, Tennessee, the property is described as the most visible structure on the Downtown Memphis skyline. Tenants can enjoy sweeping views of the Mississippi River and downtown Memphis. The building also offers convenient access to AutoZone Park, the Orpheum Theatre, FedEx Forum, and the Beale Street Entertainment District.
With extensive upgrades to major building systems and common areas, One Commerce Square is positioned as a maintained, amenity-forward office option for tenants looking to operate in the heart of downtown Memphis.
Located at 40 S Main St in Memphis, Tennessee, the property is described as the most visible structure on the Downtown Memphis skyline. Tenants can enjoy sweeping views of the Mississippi River and downtown Memphis. The building also offers convenient access to AutoZone Park, the Orpheum Theatre, FedEx Forum, and the Beale Street Entertainment District.
With extensive upgrades to major building systems and common areas, One Commerce Square is positioned as a maintained, amenity-forward office option for tenants looking to operate in the heart of downtown Memphis.
Key Highlights
- More than $5.0 million in capital improvements since 2010, including modernization of elevators.
- New roofs on the office tower and annex.
- Chiller replacements and LED lighting installed in the garage.
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.93 /SF/Yr
CAM
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
This space is priced 9% above the average of $17.95 /SF/Yr.
Vacancy Rate% for Office in Memphis, TN
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Frequently Asked Questions
What type of property is this?
Office building - Office building with updated elevators, new roofs, chiller replacements, and LED garage lighting, plus sweeping river and downtown views.
Where is this office building located?
The property is located at 40 S Main St Memphis, TN.
What is the lease rate?
The lease rate is $19.50 SF/Yr.
What are key features of this property?
This property features: More than $5.0 million in capital improvements since 2010, including modernization of elevators.; New roofs on the office tower and annex.; Chiller replacements and LED lighting installed in the garage.
