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Retail and Hospitality Space with Patio
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For Lease
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400 S Main St, Memphis, TN 38103

Ground-floor retail and hospitality space with high ceilings and an outdoor pool patio for bar service and light food offerings.

Property Size2,300 SF
Days on Market7

Property Features for 400 S Main St

General Information

Standard status Active
Size 2,300 SF
Property subtype RETAIL

Space & Availability

Contiguous Space 2,300 SF
Divisible Yes
Floor Ground
Space Use Retail

Amenities

high ceilings
Listing Agency: NAI Saig Company - Memphis
Listed By: Reynolds Willis · License #340992
Source: Moodyscre
Added: Jul 24 Changed: Jul 30 Last Checked: Jul 30 at 3:38PM

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 NAI Saig Company - Memphis

Investment Insights

Based on property information with market context.

Flexible ground-floor retail and hospitality space is available at The Rambler, an 18-unit boutique hotel in the heart of Downtown Memphis’ South Main Arts District. Up to 2,300 square feet of retail space is offered with high ceilings, and the layout includes the potential to subdivide for multiple users or concepts.

An additional outdoor pool patio and cabana space totals 6,500 square feet, creating an outdoor setting suitable for bar service and light food offerings for both hotel guests and the public.

Positioned in a vibrant, walkable district, the property is surrounded by locally owned restaurants, shops, entertainment venues, and cultural attractions. The location also provides convenient access to Downtown Memphis hotels, museums, dining destinations, and entertainment hubs.

Key Highlights

  • Up to 2,300 SF ground‑floor retail space with high ceilings
  • Potential to subdivide for multiple users or concepts
  • 6,500 SF outdoor pool patio and cabana space

Property Analytics

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

3,426
Businesses Nearby
84k
Monthly Visits Nearby

Foot Traffic Nearby

Hotels & Casinos 68% Dining 27% Apparel 3% Shops & Services 1%
Flying Fish Dining
18,139 visits/mo 0.2 miles
DoubleTree by Hilton Hotel Memphis Downtown Hotels & Casinos
12,893 visits/mo 0.2 miles
Hampton Inn & Suites Memphis Beale Street Hotels & Casinos
11,520 visits/mo 0.1 miles
Hilton Garden Inn Memphis Downtown Hotels & Casinos
7,623 visits/mo 0.3 miles
Hotel Indigo Memphis Downtown Hotels & Casinos
6,922 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

Market

Lease Benchmarks for Memphis, TN

$18 /SF/Yr
Avg Asking Price
$6–$36 /SF/Yr
Price Range
34,318 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
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Ground-floor retail and hospitality space with high ceilings and an outdoor pool patio for bar service and light food offerings.
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: Up to 2,300 SF ground‑floor retail space with high ceilings; Potential to subdivide for multiple users or concepts; 6,500 SF outdoor pool patio and cabana space
(901) 201-9323 Call to check price and availability
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