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Mixed-Use Property with Office Space

649 PHILADELPHIA St, Memphis, TN 38104

For Sale
$675,000

Commercial/Industrial, Memphis, TN

Property Size8,230 SF
Price / SF$82.02
Days on Market139

Property Features for 649 PHILADELPHIA St

General Information

Property type Commercial Sale
Property subtype Other
Subdivision CENTRAL AVENUE HEIGHTS
Standard status Active

Additional Details

Property Use Office/Industrial

Taxes and HOA fees

Tax Annual Amount 1486

Amenities

bathroom
kitchen

Building Details

Year built 1950
Buildings 1
Listing Agency: Sowell, Realtors
Listed By: Linda Sowell
Added: Jun 29 Changed: Nov 13 Last Checked: Nov 14 at 8:06PM
MLS# 10224986

Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

The 8,230-square-foot mixed-use property contains approximately 4,100 square feet of climate-controlled office space arranged across two levels. Office areas include a kitchen and bathroom facilities. The building was constructed in 1950 and is located in Memphis, Tennessee.

Key Highlights

  • 8,230 sqft total building area
  • Approximately 4,100 sqft of climate‑controlled office space across two levels
  • Office areas include kitchen and bathroom spaces

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Memphis hardwood floor ... General Contractor Mrs. Linda Lemon Physician De Honey Interiors Interior Design

Suggested Use

Top Pick Dental Office Bakery Grocery & Convenience Store Kitchen & Bath Showroom Pet Grooming Service Building Supply

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

973
Businesses Nearby

Demographics for 38104, TN

22,584
Population
14,315
Households
1.6
Avg Household Size
38
Median Age
52%
College-Educated
93%
High-School Grad
5.0 sq mi
ZIP Area
4,517
Density / Sq Mi
$56,452
Median Household Income
$48,300
Median Earnings
$1,073
Median Rent
$301,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Mixed-use properties in Memphis

Jul
Aug
Sep
Oct

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?
Mixed-use property - Two-level, climate-controlled offices include kitchen and bathroom facilities.
Where is this mixed-use property located?
The property is located at 649 PHILADELPHIA St Memphis, TN.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 8,230 sqft total building area; Approximately 4,100 sqft of climate‑controlled office space across two levels; Office areas include kitchen and bathroom spaces
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