Downtown Memphis Commercial
505 Tennessee Street, Memphis, TN 38103
For Lease
Contact for pricing
Historical loft space in vibrant South Main arts district.
Space SizeContact for details
Days on Market235
Property Features for 505 Tennessee Street
General Information
Standard status
Property subtype
Site & Location
Neighborhood
Listing Agency:
CBRE | Memphis
Listed By:
Don Drinkard · License TN #284662
(901) 260-1058
Source:
Cbre
Added: Mar 25
Changed: Aug 13
Last Checked: Jul 28 at 4:54AM
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
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Investment Insights
Based on property information with market context.
This commercial space, situated in Downtown Memphis, is part of a historical redevelopment of a former warehouse. Located in the South Main arts district, the walkable neighborhood features restaurants, galleries, shops, hotels, and museums. The space offers an open floor concept with 14 ft ceiling heights, exposed brick, and concrete. The available space ranges from 2,400 to 9,492 RSF. The property features visibility and frontage on Tennessee Street, connected and secured parking, and on-site management. Amenities include a fitness facility, event space, sauna, and roof-top pool.
Key Highlights
- Ground floor commercial space in Downtown Memphis.
- Part of the Lofts community in the South Main arts district.
- 2,400 - 9,492 RSF Available.**
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,101
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
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Market
Lease Benchmarks for Memphis, TN
$15.77 /SF/Yr
Avg Asking Price
$4.19–$34 /SF/Yr
Price Range
13,950 SF
Avg Space Size
Properties on Market for Office Units in Memphis
Vacancy Rate% for Office in Memphis, TN
Frequently Asked Questions
What type of property is this?
Office unit - Historical loft space in vibrant South Main arts district.
Where is this office unit located?
The property is located at 505 Tennessee Street Memphis, TN.
What are key features of this property?
This property features: Ground floor commercial space in Downtown Memphis.; Part of the Lofts community in the South Main arts district.; 2,400 - 9,492 RSF Available.**
