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    66 Front St Memphis, TN 38103

    Sponsored
    For Sale
    $1,200,000

    Prime location, high-growth area, multi-tenant income.

    Property size:
    3,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial condominium, located at 66 S Front Street in Memphis, TN 38103, presents a unique investment opportunity. The 3,500-5,000 square foot building, constructed in 1900, sits on a substantial 5.79 acres and is currently 75% occupied. The property is zoned for Office and Retail use and is specifically classified as a Creative Office and Commercial Condo, making it ideal for a variety of businesses. Four separate spaces are currently leased with terms ranging from three to five years, providing immediate rental income. The building's prime downtown location offers unparalleled visibility and accessibility, situated at the intersection of Front Street and Union Avenue. Its proximity to major landmarks such as AutoZone, The Peabody Memphis, AutoZone Park, and the University of Memphis Law School, coupled with its proximity to Riverside Drive and the Mississippi River, ensures high foot traffic and strong tenant demand. Furthermore, significant new developments surrounding the property to the south, north, and east contribute to its increasing value and rental potential. The asking price for this multi-tenant property is $1,200,000. This is a rare chance to acquire a well-located, income-producing property in a rapidly developing area of Memphis.

    Property Features for 66 Front St

    General Information

    Property type
    Office space
    Square Feet
    3,500 SF
    Lot Size
    252,212,400 SF

    Building Details

    Year Built
    1900

    HighLights

    • $1,200,000 asking price.
    • Office/Retail condo, Creative Office subtype, multi‑tenant occupancy.
    • 3,500‑5,000 square feet, 75% occupancy.
    • 1900 construction, 5.79 acres.
    • Prime downtown Memphis location at Front & Union Streets, near major landmarks and new developments.
    Property Profile Location Intelligence

    Current Use by Public Records

    PharmPsych Medical Clinic Memphis Art Park Arts Organization Felicity Tutors Tutoring Service Front Row Lofts Condominium Complex

    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
    -90.0546928
    Latitude
    35.143687

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    FAQs

    What type of property is this?
    Office space - Prime location, high-growth area, multi-tenant income.
    Where is this office space located?
    The property is located at 66 Front St Memphis, TN.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price.; Office/Retail condo, Creative Office subtype, multi-tenant occupancy.; 3,500-5,000 square feet, 75% occupancy.
    Request Owner's contact information
    66 Front St 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
    66 Front St Memphis, TN 38103
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