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Mixed-Use Property with Office Space
For Sale
$699,000

649 PHILADELPHIA St, Memphis, TN 38104

Commercial/Industrial, Memphis, TN

Property Size8,230 SF
Price / SF$84.93
Days on Market108

Property Features for 649 PHILADELPHIA St

General Information

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

Taxes and HOA fees

Tax Annual Amount 1486

Amenities

bathroom
kitchen

Building Details

Year built 1950
Listing Agency: Sowell, Realtors
Listed By: Linda Sowell
Added: Jun 29 Changed: Oct 7 Last Checked: Oct 14 at 4:06PM
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.

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

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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
View Realmo Analytics

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?
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 $699,000.
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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