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Office Space Near Interstate Access
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620 Sevier St, Memphis, TN 38122

Quiet office space with future expansion potential, convenient location.

Space Size1,337 SF
Property Size3,800 SF
Days on Market844

Property Features for 620 Sevier St

General Information

Standard status Active
Size 1,337 SF
Total Parking Spaces 10
Property subtype Office
Lease Type Modified Gross

Building Details

Building Size 3,800 SF
Year Built 1987
Tenancy Multiple

Spaces For Lease

at 620 Sevier St Contact us

620#100

Size
1,337 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: MMIC Inc
Listed By: Arthur Malkin · License #TN 253811
Source: Crexi
Added: May 15, 2024 Changed: Aug 14 Last Checked: Aug 31 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 MMIC Inc

Investment Insights

Based on property information with market context.

This office space is situated on a quiet, dead-end street near Summer Avenue and Highland Street, offering convenient access to the Interstate and Sam Cooper Boulevard. The property includes the potential for future expansion and growth.

Key Highlights

  • Easy access to Interstate/Sam Cooper
  • Future expansion and growth space available
  • Quiet office location

Property Analytics

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

NNN (Triple Net)
Lease Type
$1.91 /SF/Yr
CAM

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

Market

Lease Benchmarks for Memphis, TN

$15.75 /SF/Yr
Avg Asking Price
$4.19–$35 /SF/Yr
Price Range
8,076 SF
Avg Space Size

This space is priced 19% below the average of $15.75 /SF/Yr.

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Quiet office space with future expansion potential, convenient location.
Where is this office units located?
The property is located at 620 Sevier St Memphis, TN.
What is the lease rate?
The lease rate is $12.75 SF/Yr.
What are key features of this property?
This property features: Easy access to Interstate/Sam Cooper; Future expansion and growth space available; Quiet office location
(901) 761-1002 Call to check price and availability
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