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Two-Unit Office Building
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620 Sevier Street, Memphis, TN 38122

Office property featuring updated bathrooms, a distinctive layout, and extensive storage areas.

Property Size3,480 SF
Price / SF$93.39
Days on Market66

Property Features for 620 Sevier Street

General Information

Standard status Active
Size 3,480 SF
Class C
Total Parking Spaces 8
Property subtype Office, Special Purpose
Zoning Office Low
Occupancy 100%
Net Operating Income $50,000

Additional Details

Office Units 2

Building Details

Year Built 1987
Buildings 1
Stories 1
Units 2
Building Size 3,480 SF
Listing Agency: MMIC Inc
Listed By: Arthur Malkin · License #TN 253811
Source: Crexi
Added: Aug 12 Changed: Oct 2 Last Checked: Oct 16 at 6:48AM

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 MMIC Inc

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Investment Insights

Based on property information with market context.

Built in 1987, this 3,480 SF office building is configured as 2 units and offers a distinctive interior arrangement with substantial storage. Updated bathrooms add to the existing improvements, while the Office Low zoning supports its office-oriented profile.

The property is located at 620 Sevier Street in Memphis, just off Summer Ave. It is offered in its current condition and remains subject to buyer inspections. The two-unit configuration provides flexibility for an owner-user or investor.

Key Highlights

  • 3,480 SF office building configured as 2 units
  • Office Low zoning
  • Built in 1987

Property Analytics

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Current Use

Lazarov Realty Co Real Estate Agency Abogada Ann Schiller Law Firm

Suggested Use

Top Pick Real Estate Agency Law Firm Pharmacy Spa & Massage Center Building Supply Dental Office

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

2
Office units

Location Intelligence

Trade Area within ½ mile

489
Businesses Nearby

Demographics for 38122, TN

26,432
Population
10,201
Households
2.6
Avg Household Size
33
Median Age
22%
College-Educated
74%
High-School Grad
6.8 sq mi
ZIP Area
3,887
Density / Sq Mi
$45,456
Median Household Income
$32,760
Median Earnings
$1,127
Median Rent
$108,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Office building - Office property featuring updated bathrooms, a distinctive layout, and extensive storage areas.
Where is this office building located?
The property is located at 620 Sevier Street Memphis, TN.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 3,480 SF office building configured as 2 units; Office Low zoning; Built in 1987
(901) 761-1002 Call to check price and availability
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