510 Main St Memphis, TN 38103-4488

Property Details for 510 Main St

Year built

1913

Lot size

0.10 lot acres

Property size

4,662 SF

Zone code

SM

Property type

Investment properties

Property subtype

Live-work space

APN

002-114- - -00009

APU

211400009

Description

This exceptional mixed-use investment opportunity in Memphis, Tennessee, presents two buildings totaling 14,000 square feet on an 8,825-square-foot lot. The property, located at 510-508 South Main Street, boasts a prime location in the heart of the city, zoned SMSD. Built in 1913 and renovated in 2008, the property comprises six units across three stories. 508 South Main Street, a three-story building, offers approximately 9,400 square feet, including a finished basement office space, a rooftop observation room and deck, first-floor retail/studio space, and two two-bedroom, two-bathroom apartments on the second and third floors. 510 South Main Street, a two-story building, encompasses approximately 4,700 square feet, featuring first-floor retail space and a studio apartment in the rear, along with a second-floor two-bedroom, two-bathroom apartment. The property includes a shared six-car parking area, a yard, a pickleball court, and a swim spa. The asking price is $1,988,000, translating to $142 per square foot. This property is ideal for owner-occupants or investors seeking long-term or short-term rental opportunities. The property's unique blend of historical charm and modern amenities makes it a truly remarkable investment prospect. Parcel numbers are 002114 00008 and 002114 00009.

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Longitude

-90.0586

Latitude

35.1335

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments