Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    242 Poplar Ave Memphis, TN 38103

    Sponsored
    For Lease
    $4,800 /Mo

    Historic Charm, Prime Location, 3 Suites Available

    Lot size:
    370 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-story, traditional office building at 240-242 Poplar Ave. offers three available suites, perfect for small businesses or professionals. Each suite ranges from 100 to 150 square feet and boasts the unique character of exposed, original brick walls. The building's prime downtown Memphis location places it directly across from 201 Poplar and in close proximity to the courthouses, making it an ideal location for legal professionals. The property provides convenient access to ample parking with 35 designated, secured spaces for tenants. Further enhancing the convenience, a reception service is available on-site. This historic building offers a blend of old-world charm and modern practicality, with monthly rental rates starting at $400. The building is situated in Shelby County and conveniently located near N. B. B. King Blvd. This is a rare opportunity to secure a prestigious address in the heart of Memphis' vibrant downtown area. The multiple tenancy structure allows for flexibility and a thriving professional environment. Don't miss this chance to establish your business in this desirable location.

    Property Features for 242 Poplar Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    370 SF
    Total Rate
    4800

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    242 - 1st Floor Office
    Size
    120 SF
    Rate per SF
    $8,400
    Space
    240 - Middle Office
    Size
    100 SF
    Rate per SF
    $4,800
    Space
    240 - 2nd Floor Back Office
    Size
    150 SF
    Rate per SF
    $7,200

    HighLights

    • Downtown Memphis location, across from 201 Poplar and near courthouses.
    • Three available office suites, 100‑150 sq ft each.
    • Historic building with exposed brick walls.
    • Secured parking and reception services available.
    • Rent starting at $400/month.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tawanda Williams Law ... Criminal Justice Attorney Fite Ellen E Attorney Jim Hale Law Attorney Tolley Randall B Attorney Patricia A Woods Legal Services

    Suggested Use

    Realty agency Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0460176
    Latitude
    35.1491066

    Nearby Similar for Lease

    • $5 SF/Yr
      94,500 SF

      Memphis Industrial Space for Lease

      Versatile industrial space in Memphis, suitable for various businesses.
      5445 E Raines Rd, Memphis, TN 38115
      View Details
    • Contact for pricing
      179,360 SF

      Memphis Warehouse and Distribution Opportunity

      Spacious warehouse with prime location for logistics and distribution.
      4605 Hickory Hill Rd, Memphis, TN 38141
      View Details
    • Contact for pricing
      11,288 SF

      Modern Office Space in Memphis

      Impressive office spaces with modern amenities in a prime Memphis location.
      691 Doctor Martin Luther King Junior Ave, Memphis, TN 38126
      View Details
    • Contact for pricing
      22,892 SF

      Memphis Office Leasing Opportunity

      Premier office space for rent in Memphis, Tennessee.
      3665 S Perkins Rd, Memphis, TN 38118
      View Details
    • Contact for pricing
      955 SF

      Edge District Retail Redevelopment Opportunity

      High-profile retail space in Memphis' transitioning Edge District.
      421 Monroe Ave, Memphis, TN 38103
      View Details
    • $4 SF/Yr
      50,000 SF

      Flexible Office Space in Memphis

      Premier property with modern amenities, ample parking, and customizable floorplans.
      2851 Lamb Pl, Memphis, TN 38118
      View Details
    • Contact for pricing

      Mixed-Use Development in Midtown Memphis

      Retail, dining, office, and residential spaces in Midtown Memphis.
      Central Ave, Memphis, TN 38104
      View Details
    • Contact for pricing
      28,860 SF

      Northeast Memphis Flex Space Available

      Rare vacancy in amenitized Memphis location, available in 2022.
      7730 A Trinity Rd, Memphis, TN
      View Details
    • $5,900,000
      6,122 SF

      Prime Retail Space Near Hospitals

      Retail space near medical district with high traffic and development.
      785 Union Ave, Memphis, TN 38103
      View Details
    • Contact for pricing
      9,843 SF

      Unique Entertainment Venue for Lease

      Former Railgarten venue with dining, music, and recreational spaces.
      2166 Central Ave, Memphis, TN 38104
      View Details
    • $12 SF/Yr
      131,000 SF

      Northeast Memphis Business Park

      Office and showroom/warehouse spaces available in Memphis, Tennessee.
      5125 Spice Cv, Memphis, TN 38134
      View Details
    • Contact for pricing
      6,000 SF

      Divisible Warehouse Space in Memphis

      Flexible warehouse space in the vibrant Edge District of Memphis.
      336 Monroe Avenue Ext, Memphis, TN 38103
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Historic Charm, Prime Location, 3 Suites Available
    Where is this office property / space located?
    The property is located at 242 Poplar Ave Memphis, TN.
    What is the lease rate?
    The lease rate is $4,800-$8,400 SF/Yr.
    What are key features of this property?
    This property features: Downtown Memphis location, across from 201 Poplar and near courthouses.; Three available office suites, 100-150 sq ft each.; Historic building with exposed brick walls.
    Request Owner's contact information
    242 Poplar Ave Memphis, TN 38103
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    242 Poplar Ave
    Memphis, TN 38103
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    242 Poplar Ave Memphis, TN 38103
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.