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    460 Tennessee St Memphis, TN 38103

    Sponsored
    For Lease
    $18 SF/Yr

    Downtown Memphis Flex Space: 7,000-18,000 SF Available

    Lot size:
    54,120 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Memphis, Tennessee property at 460 Tennessee St offers a prime flex space leasing opportunity in the heart of the city. The building, a Class C structure built in 1900, boasts a total of 54,120 square feet, with 25,000 square feet currently vacant and available for lease. The space is ideal for businesses seeking flexible layouts, ranging from a minimum of 7,000 contiguous square feet to a maximum of 18,000 contiguous square feet. The property is categorized as both office and industrial, making it suitable for a variety of uses. Located in Shelby County, with easy access to major transportation routes, this multi-tenant building offers a convenient location with nearby dining and retail options. The available space provides ample natural light and open floor plans, creating a modern and productive work environment. While the building's age is noted, the available space offers the potential for customization to meet specific business needs. This is a unique opportunity to secure a well-situated flex space in a vibrant downtown Memphis location. The property's zip code is 38103.

    Property Features for 460 Tennessee St

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    54,120 SF
    Class
    C
    Total Rate
    81180

    Building Details

    Year Built
    1900

    Unit(s) available at that property

    Space
    First Floor
    Size
    18,000 SF
    Rate per SF
    $18

    HighLights

    • Prime flex space leasing opportunity in downtown Memphis, TN.
    • 54,120 SF Class C building, 1900 construction.
    • 25,000 SF currently vacant, divisible from 7,000 SF to 18,000 SF contiguous.
    • Office and industrial zoning, ideal for diverse uses.
    • Convenient location in Shelby County with easy access to major transportation routes and amenities.
    • Ample natural light and open floor plans.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kuzniewski Productions Photographer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.061762
    Latitude
    35.134859

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    FAQs

    What type of property is this?
    Flex space - Downtown Memphis Flex Space: 7,000-18,000 SF Available
    Where is this flex space located?
    The property is located at 460 Tennessee St Memphis, TN.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Prime flex space leasing opportunity in downtown Memphis, TN.; 54,120 SF Class C building, 1900 construction.; 25,000 SF currently vacant, divisible from 7,000 SF to 18,000 SF contiguous.
    Request Owner's contact information
    460 Tennessee 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
    460 Tennessee St Memphis, TN 38103
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