Office Building with River
For Lease
Contact for pricing
40 S Main St, Memphis, TN 38103
Office building with documented capital improvements, including elevator modernization, new roofs, chiller replacements, and LED lighting in the garage.
Property Size4,472 SF
Days on Market933
Property Features for 40 S Main St
General Information
Standard status
Active
Size
4,472 SF
Property subtype
OFFICE
Listing Agency:
CBRE | Memphis
(901) 335-2266
Listed By:
Ronald "Ron" Kastner
(901) 335-2266
Source:
Moodyscre
Added: Jan 11, 2024
Changed: Jul 28
Last Checked: Jul 31 at 7:15AM
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 with a 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 the most visible structure on the Downtown Memphis skyline and offers sweeping views of the Mississippi River and downtown Memphis. Tenants can access major entertainment and sporting venues including AutoZone Park, the Orpheum Theatre, FedEx Forum, and the Beale Street Entertainment District.
As an office-focused asset, One Commerce Square combines ongoing building upgrades with a high-visibility presence in the downtown market.
The property is the most visible structure on the Downtown Memphis skyline and offers sweeping views of the Mississippi River and downtown Memphis. Tenants can access major entertainment and sporting venues including AutoZone Park, the Orpheum Theatre, FedEx Forum, and the Beale Street Entertainment District.
As an office-focused asset, One Commerce Square combines ongoing building upgrades with a high-visibility presence in the downtown market.
Key Highlights
- Since 2010, over $5.0 million in capital improvements, including elevator modernization and numerous lobby/common area upgrades
- New roofs on both the office tower and annex
- Chiller replacements
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Office building with documented capital improvements, including elevator modernization, new roofs, chiller replacements, and LED lighting in 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: Since 2010, over $5.0 million in capital improvements, including elevator modernization and numerous lobby/common area upgrades; New roofs on both the office tower and annex; Chiller replacements
