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199 Summitt St Memphis, TN 38104

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For Sale
Contact for pricing

Historic building, versatile spaces, high income potential.

Property size:
6,688 SF

Property Features for 199 Summitt St

General Information

Property type
Restaurants
Square Feet
6,688 SF
Class
B
Lot Size
8,146 SF

Building Details

Year Built
1910
Buildings
1
Stories
2

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Listing Contact
Darrell Cobbins
Darrell Cobbins

Listing Agency: Universal Commercial Real Estate LLC Listing Agent: Darrell Cobbins

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This unique, vacant mixed-use property in the heart of Midtown Memphis offers 6,688 square feet across two stories in a 1910 building on a 0.187-acre lot (APN: 028008 00005C). The property is classified as a Class B building and is available under a NNN lease. The upper level features previously occupied office space with four private offices, a conference room, and a breakroom/kitchen. Additionally, there are two studio apartments; one fully renovated and ready for occupancy, the other requiring renovation. Both offer potential for long-term or short-term rentals. The lower level provides office/creative space, partially renovated and ready for immediate use. Its previous tenant was a visual marketing studio. The location is highly desirable, one block from Union Avenue (behind Midtown Fresh Market), two blocks from Overton Square, and close to Cooper-Young. This prime location offers proximity to cultural destinations including Playhouse on the Square, Hattiloo Theatre, and Overton Park. Significant investment in hotels, apartments, and retail is underway in the surrounding area, promising continued growth and strong rental income potential. This property presents a rare opportunity for an owner-user or investor seeking a high-income-producing asset in a thriving Memphis neighborhood.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Chastain English Law Law Firm

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center 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
-89.989168168165
Latitude
35.132579998386

FAQs

What type of property is this?
Restaurant - Historic building, versatile spaces, high income potential.
Where is this restaurant located?
The property is located at 199 Summitt St Memphis, TN.
What are key features of this property?
This property features: 6,688 SF mixed-use building in Memphis, TN, on a 0.187-acre lot.; Class B property built in 1910, featuring one two-story building with vacant tenancy.; NNN lease type, ideal for owner-users or investors seeking strong income potential in a middle-income area.
(901) 249-9744 Call to check price and availability
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