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    26 Main St Memphis, TN 38103

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    For Sale
    Contact for pricing

    Historic 3-Story Office Building, 14,900 SF

    Property size:
    14,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional three-story building, totaling 14,900 square feet, is situated in the heart of Memphis' Central Business District at 26 S Main St, zip code 38103. Constructed in 1910, this property boasts a prime location, steps from the Memphis Art Museum, FedEx Forum, and AutoZone Park. Its proximity to the 100 N Main mixed-use redevelopment project, a 37-story development featuring office, residential, and hotel space, further enhances its investment potential. The building's three floors offer significant flexibility, and a basement provides additional space, potentially suitable for secure parking. Architectural plans for a mixed-use redevelopment are included, and the property is eligible for Downtown Memphis Commission Grants, making it an ideal opportunity for a mixed-use project incorporating office, retail, and residential components. The building's size and location make it a compelling investment opportunity in a rapidly developing area of downtown Memphis. For a comprehensive overview of ongoing development projects in the vicinity, please refer to the Downtown Memphis Commission's current projects database. This is a rare chance to acquire a historic building with significant upside in a thriving urban core.

    Property Features for 26 Main St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    14,900 SF

    Building Details

    Year Built
    1910
    Stories
    3

    HighLights

    • 14,900 SF building on three floors with basement.
    • Mixed‑use development potential.
    • Prime downtown Memphis location.
    • Architectural plans for mixed‑use redevelopment available.
    • Basement suitable for secure parking.
    Property Profile 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
    -90.0527406
    Latitude
    35.1443425

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    FAQs

    What type of property is this?
    Office Property / Space - Historic 3-Story Office Building, 14,900 SF
    Where is this office property / space located?
    The property is located at 26 Main St Memphis, TN.
    What are key features of this property?
    This property features: 14,900 SF building on three floors with basement.; Mixed-use development potential.; Prime downtown Memphis location.
    Request Owner's contact information
    26 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
    26 Main St Memphis, TN 38103
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