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    345-365 Main St Memphis, TN 38103

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    High-Cap Rate, Historic Location

    Property size:
    20,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 20,100 square foot restaurant portfolio situated at 345-365 S Main St, Memphis, TN 38103. The property, built in 1926 and extensively renovated in 2021, boasts a strong 83.08% occupancy rate and a compelling 7.30% capitalization rate, generating a net operating income (NOI) of $309,456. The portfolio includes several established restaurant spaces, along with multiple Airbnb units, all situated on a 0.43-acre lot. This prime location within the vibrant South Main Arts District places the property in close proximity to renowned Memphis landmarks such as the FedEx Forum, the Orpheum Theatre, and the Halloran Centre, ensuring high visibility and foot traffic. The property's blend of historical charm and modern updates, combined with its strong financial performance and desirable location, makes it an attractive investment for discerning buyers seeking a high-return opportunity in the heart of Memphis. The price per square foot is $211. This is a rare chance to acquire a well-established, income-producing property in one of Memphis's most sought-after districts. The property's diverse tenant mix and strong NOI provide a stable and reliable income stream, making it an ideal addition to any commercial real estate portfolio.

    Property Features for 345-365 Main St

    General Information

    Property type
    Restaurants
    Square Feet
    20,100 SF
    Lot Size
    18,731 SF

    Building Details

    Year Built/Renovated
    1926/2021

    HighLights

    • 20,100 SF restaurant portfolio in Memphis, TN's South Main Arts District.
    • 83.08% occupancy and 7.30% cap rate, generating $309,456 NOI.
    • Located at 345‑365 S Main St, on a 0.43‑acre lot, near FedEx Forum and Orpheum Theatre.
    • Extensive renovations completed in 2021; built in 1926.
    • $211/SF; strong tenant mix providing stable income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0575535
    Latitude
    35.1369462

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    FAQs

    What type of property is this?
    Restaurant - High-Cap Rate, Historic Location
    Where is this restaurant located?
    The property is located at 345-365 Main St Memphis, TN.
    What are key features of this property?
    This property features: 20,100 SF restaurant portfolio in Memphis, TN's South Main Arts District.; 83.08% occupancy and 7.30% cap rate, generating $309,456 NOI.; Located at 345-365 S Main St, on a 0.43-acre lot, near FedEx Forum and Orpheum Theatre.
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    345-365 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
    345-365 Main St Memphis, TN 38103
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