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Ground Floor Corner Retail Space
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400 S Main St, Memphis, TN 38103

Ground floor corner retail space of 2,261 SF adjacent to Simmons Bank on S. Main Street.

Space Size2,261 SF
Days on Market836

Property Features for 400 S Main St

General Information

Standard status Active
Size 2,261 SF
Net Rentable 2,261 SF
Property subtype RETAIL

Space & Availability

Available Space 2,261 SF
Contiguous Space 2,261 SF
Floor Ground
Space Use Retail

Additional Details

Corner Location Yes

Amenities

hotel pool

Spaces For Lease

at 400 S Main St Contact us

400 S Main St

Floor
1
Size
2,261 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- 2,261 SF ground floor corner space fronting S. Main Street and adjacent to Simmons...
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Listing Agency: The Shopping Center Group | Memphis
Listed By: Shawn Massey
Source: Moodyscre
Added: May 31, 2024 Changed: Aug 8 Last Checked: Sep 13 at 10:12AM

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 The Shopping Center Group | Memphis

Investment Insights

Based on property information with market context.

This historic building offers a 2,261 SF ground floor corner retail space fronting S. Main Street and adjacent to Simmons Bank. The retail space is complemented by an 18-unit boutique hotel located behind/above it, with a hotel pool that can be used as event space for a potential tenant.

The location sits on the Main Street Trolley line and is within walking distance to downtown attractions, supporting retail and hospitality-ready operations.

The property is part of a broader South Main District revitalization, with new developments underway and many locally owned restaurants, boutiques, and galleries nearby. The combination of street-level frontage and in-building hospitality amenities provides a built-in traffic driver for compatible tenant concepts.

Key Highlights

  • 2,261 SF ground floor corner retail space fronting S. Main Street
  • Adjacent to Simmons Bank
  • Historic building with an 18‑unit boutique hotel behind/above the retail

Property Analytics

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Current Use

Puppy Paw Kennels (Bike/Boat/Book/etc) Store The Rambler Hotel & Motel Simmons Bank Bank Zipcar Car Rental Facility Quita Davis Racing Auto Repair Shop

Suggested Use

Top Pick Carpet & Flooring Store (Bike/Boat/Book/etc) Store HVAC Service Furniture & Home Goods Pet Grooming Service Electrical Service

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

2,101
Businesses Nearby
31k
Monthly Visits Nearby

Foot Traffic Nearby

Hotels & Casinos 75% Dining 10% Apparel 9% Shops & Services 6%
Memphis Central Station Hotels & Casinos
12,197 visits/mo 0.2 miles
Hampton Inn & Suites Memphis Beale Street Hotels & Casinos
11,520 visits/mo 0.5 miles
Hooters Dining
3,054 visits/mo 0.5 miles
Catherines Apparel
2,873 visits/mo 0.3 miles
Valero Energy Shops & Services
1,782 visits/mo 0.4 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Memphis, TN

$14.24 /SF/Yr
Avg Asking Price
$8.33–$20.8 /SF/Yr
Price Range
9,649 SF
Avg Space Size

Vacancy Rate% for Retail in Memphis, TN

6.5% 2019
6.9% 2020
6.3% 2021
4.9% 2022
5% 2023
5.2% 2024
6.8% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Ground floor corner retail space of 2,261 SF adjacent to Simmons Bank on S. Main Street.
Where is this retail space located?
The property is located at 400 S Main St Memphis, TN.
What are key features of this property?
This property features: 2,261 SF ground floor corner retail space fronting S. Main Street; Adjacent to Simmons Bank; Historic building with an 18‑unit boutique hotel behind/above the retail
(901) 869-2720 Call to check price and availability
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