Property profile

431 Main St 1 Memphis, TN 38103

OFF-MARKET
Office Spaces
Property ID
US80-3433557
24,000 SF 0.15 ac lot Built 1911
Entity Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Class A executive office building, located at 431 S Main St in Memphis, Tennessee, offers 19,744 square feet of premium workspace. Situated in the heart of Shelby County, zip code 38103, this property presents a rare opportunity for businesses seeking a prestigious and functional office environment. The building's "Executive Office" subtype signifies a high level of finish and amenity, ideal for companies prioritizing a sophisticated and efficient workspace. The expansive square footage allows for flexible configurations to accommodate various business needs, from individual offices to large open floor plans. The strategic location in Memphis provides excellent access to major transportation routes, enhancing connectivity and convenience for employees and clients alike. This property is currently offered for sale, presenting a compelling investment opportunity in a thriving urban center. The building's Class A designation reflects its superior construction quality, modern design, and high-end features. Interested parties are encouraged to explore the potential of this remarkable property to establish a prominent presence in the Memphis business community. The precise latitude and longitude coordinates are 35.1349054, -90.0591025, facilitating easy location verification and mapping. This is a turnkey solution for businesses seeking immediate occupancy in a highly desirable location.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1911
Total area 24,000 SF
Lot 0.15 ac (6,360 SF)
Zoning code SM
APN 002-105- -F-00001
UPID US80-3433557

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Architect
  • Architect
  • Construction Company General Contractor
  • Marketing & Advertising Advertising Agency

Location

431 Main St, Unit 1 Memphis, TN 38103-6402
Memphis metro Census 4200 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.69M
Blend (final) Blend
$635k

Owner & transaction history

since 2020
7 recorded transactions
2020
$1,000
2008
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

SM · Memphis, TN
Zoning description

7.2.2 South Main (SM) District Memphis/Shelby County Unified Development Code 295 ZTA 24-2 Hotel, Bed and Breakfast Retail Sales, Outdoor D. Additional Requirements 1. Adult Entertainment shall not be permitted. 2. Any b…

General category SPECIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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