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    64 Main St Memphis, TN 38103

    For Lease
    Contact for pricing

    14,000 SF, Three-Story Retail Space

    Lot size:
    14,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional three-story retail property, totaling 14,000 square feet, presents a unique investment opportunity in the vibrant heart of Downtown Memphis. Located near the intersection of South Main Street and Union Avenue, this single-tenant building offers unparalleled visibility and accessibility. The entire 14,000 square feet is currently vacant, providing a blank canvas for a discerning tenant to create a flagship location or a multi-faceted retail experience. The building's three stories allow for creative design and layout options, catering to a variety of retail concepts. Its prime location within Shelby County, Tennessee, ensures high foot traffic and exposure to a diverse customer base. The 38103 zip code is known for its bustling atmosphere and strong retail presence. This property is ideal for an ambitious business seeking a prominent downtown Memphis address. The building's size and location offer significant potential for growth and return on investment. This is a rare opportunity to acquire a substantial retail space in a highly sought-after area of Memphis, Tennessee. The property's excellent condition and strategic location make it an attractive proposition for both established businesses and new ventures. Serious inquiries are encouraged to explore the possibilities this exceptional property offers.

    Property Features for 64 Main St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,000 SF

    Building Details

    Stories
    3

    Unit(s) available at that property

    Space
    Available space
    Size
    14,000 SF

    HighLights

    • Three‑story building with basement, mezzanine, and rooftop patio totaling 14,000 square feet.
    • Ideal for restaurant or entertainment use.
    • Prime location within walking distance of North Main, Beale Street, FedEx Forum, AutoZone Park, South Main, and numerous popular attractions.
    • Ample nearby parking garages.
    • High traffic count on Union Avenue (9,898 AADT).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Daycare Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0533843
    Latitude
    35.1434223

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    FAQs

    What type of property is this?
    Retail property - 14,000 SF, Three-Story Retail Space
    Where is this retail property located?
    The property is located at 64 Main St Memphis, TN.
    What are key features of this property?
    This property features: Three-story building with basement, mezzanine, and rooftop patio totaling 14,000 square feet.; Ideal for restaurant or entertainment use.; Prime location within walking distance of North Main, Beale Street, FedEx Forum, AutoZone Park, South Main, and numerous popular attractions.
    Request Owner's contact information
    64 Main St Memphis, TN 38103
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    Memphis, TN 38103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    64 Main St Memphis, TN 38103
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