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Office Building with River & Downtown Views
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40 S Main St, Memphis, TN 38103

A visible downtown office tower offering sweeping Mississippi River and downtown Memphis views for tenants and visitors.

Property Size14,363 SF
Days on Market1261

Property Features for 40 S Main St

General Information

Standard status Active
Size 14,363 SF
Property subtype OFFICE

Amenities

modernized elevators
new roofs on office tower and annex
chiller replacements
LED lighting in garage
upgraded building lobby and common areas
sweeping views of Mississippi River
access to AutoZone Park
access to Orpheum Theatre
access to FedEx Forum
access to Beale Street Entertainment District
Listing Agency: CBRE | Memphis
Listed By: Ronald "Ron" Kastner
Source: Moodyscre
Added: Feb 17, 2023 Changed: Jul 30 Last Checked: Jul 31 at 12:45PM

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 offering sweeping views of the Mississippi River and downtown Memphis. The property is the most visible structure on the Downtown Memphis skyline, creating a strong identity for office tenants.

Since 2010, One Commerce Square has invested in capital improvements 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 building also provides easy access for tenants to major entertainment and sporting venues including AutoZone Park, the Orpheum Theatre, FedEx Forum, and the Beale Street Entertainment District.

With 14,363 square feet, One Commerce Square is positioned as a landmark office option in the heart of downtown Memphis.

Key Highlights

  • Most visible structure on the Downtown Memphis skyline
  • Sweeping views of the Mississippi River and downtown Memphis
  • Capital improvements since 2010: elevator modernization and new roofs

Property Analytics

Current Use

Heart of the House Memphis Employment Agency Archibald & Halmon Law Firm White Leigh Taylo Law Firm Ryder John L Law Firm LAB Digital Creative Marketing & Advertising

Suggested Use

Top Pick Furniture & Home Goods (Bike/Boat/Book/etc) Store Veterinary Clinic Pet Grooming Service Tanning Salon Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,426
Businesses Nearby

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

14.6% 2019
15% 2020
16.8% 2021
16.2% 2022
17.3% 2023
16.7% 2024
17.6% 2025
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Frequently Asked Questions

What type of property is this?
Office building - A visible downtown office tower offering sweeping Mississippi River and downtown Memphis views for tenants and visitors.
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: Most visible structure on the Downtown Memphis skyline; Sweeping views of the Mississippi River and downtown Memphis; Capital improvements since 2010: elevator modernization and new roofs
(901) 335-2266 Call to check price and availability
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