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Renovated Office Condo in Memphis
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505 Tennessee St, Memphis, TN 38103

3,657 SF office condo in the South Bluffs area.

Property Size3,657 SF
Days on Market681

Property Features for 505 Tennessee St

General Information

Standard status Active
Size 3,657 SF
Property subtype Office
Listing Agency: Avison Young - Memphis
Listed By: Michael Donahoe · License #TN 296802
Source: Crexi
Added: Sep 30, 2024 Changed: Aug 8 Last Checked: Aug 11 at 3:08PM

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 Avison Young - Memphis

Investment Insights

Based on property information with market context.

This 3,657 square foot office condo is located in The Lofts at South Bluffs. The property has been recently renovated. An adjacent parking garage and abundant street parking are available. The property is suitable for a creative or professional firm, law office, studio, or design shop. The location offers convenient access to over 25 restaurants, multiple hotels, attractions, parks, and retail stores, all within walking distance.

Key Highlights

  • 3,657 sf office condo in The Lofts at South Bluffs
  • Recently renovated
  • Adjacent parking garage and abundant street parking

Property Analytics

Current Use

inferno Advertising Agency Anita Dickens Apartment Apartment Building Moretta Anthony MD Physician Digimar Advertising Agency Sos Lofts Apartment Building

Suggested Use

Top Pick Furniture & Home Goods (Bike/Boat/Book/etc) Store HVAC Service Home Appliance Store Garden Center Tattoo & Piercing Shop

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

Location Intelligence

Trade Area within ½ mile

1,101
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

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?
Creative space - 3,657 SF office condo in the South Bluffs area.
Where is this creative space located?
The property is located at 505 Tennessee St Memphis, TN.
What are key features of this property?
This property features: 3,657 sf office condo in The Lofts at South Bluffs; Recently renovated; Adjacent parking garage and abundant street parking
(901) 230-0601 Call to check price and availability
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