Office Building with River
For Lease
Contact for pricing
40 S Main St, Memphis, TN 38103
One Commerce Square underwent major improvements since 2010, including elevator modernization, roof replacements, and chiller upgrades.
Property Size1,015 SF
Days on Market867
Property Features for 40 S Main St
General Information
Standard status
Active
Size
1,015 SF
Property subtype
OFFICE
Listing Agency:
CBRE | Memphis
(901) 335-2266
Listed By:
Ronald "Ron" Kastner
(901) 335-2266
Source:
Moodyscre
Added: Mar 18, 2024
Changed: Jul 27
Last Checked: Jul 31 at 4:53AM
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 building with a documented history of capital improvements since 2010, including modernization of the elevators, new roofs on the office tower and annex, chiller replacements, LED lighting in the garage, and upgrades to the building lobby and common areas.
The property is described as the most visible structure on the Downtown Memphis skyline, with sweeping views of the Mississippi River and downtown Memphis.
For tenants, the location is positioned for convenient access to nearby entertainment and sporting venues, including AutoZone Park, the Orpheum Theatre, FedEx Forum, and the Beale Street Entertainment District.
The property is described as the most visible structure on the Downtown Memphis skyline, with sweeping views of the Mississippi River and downtown Memphis.
For tenants, the location is positioned for convenient access to nearby entertainment and sporting venues, including AutoZone Park, the Orpheum Theatre, FedEx Forum, and the Beale Street Entertainment District.
Key Highlights
- Since 2010, invested over $5.0 million in capital improvements to One Commerce Square.
- Elevators modernized as part of the 2010+ capital improvements.
- New roofs installed on both the office tower and annex.
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 - One Commerce Square underwent major improvements since 2010, including elevator modernization, roof replacements, and chiller upgrades.
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: Since 2010, invested over $5.0 million in capital improvements to One Commerce Square.; Elevators modernized as part of the 2010+ capital improvements.; New roofs installed on both the office tower and annex.
