199 Summitt St Memphis, TN 38104
Multi-level property with office, studio apartments, and creative space.
Type:Hospitality, Mixed Use, Office, Retail
Property size:
6,688 SF- Added:
- May 25, 2023
- Days on Market:
- 1063
- Last Refresh:
- Mar 17 at 1:24 pm
Property Features for 199 Summitt St
General Information
- Standard status
- Active
- Size
- 6,688 SF
- Property subtype
- Hospitality, Mixed Use, Office, Retail
Building Details
- Year Built
- 1910
Listing agent Darrell Cobbins License #278933
Listing office Universal Commercial Real Estate LLC
Listing date May 25, 2023
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Universal Commercial Real Estate LLC
Overview
Midtown Memphis Mixed-Use Opportunity
This unique mixed-use property is located in the heart of Midtown Memphis, also known as the Heart of the Arts. The multi-level property features an upper level with office space that was previously occupied by a law firm, including 4 private offices, a conference room, and a break-room/kitchen. Additionally, there is a fully renovated studio apartment ready for occupancy, as well as another studio apartment that is not yet renovated. Both units present opportunities for long-term or short-term rental, such as Airbnb or VRBO. The lower level offers office or creative space that is partially renovated but available for occupancy, currently used as a creative visual marketing studio. The property is situated one block from Union Avenue, directly behind the Midtown Fresh Market, and two blocks from Overton Square. It is also located blocks away from the Cooper-Young neighborhood and entertainment district. Situated in a quiet Midtown neighborhood, the property is close to cultural destinations such as Playhouse on the Square, Hattiloo Theatre, the Memphian Hotel, Ballet Memphis, the Brook Museum, the Memphis Zoo, the Overton Park Shell, and Overton Park. Major hotel, apartment, and retail investments are occurring along Union Avenue and Cooper Street within blocks of this property. The property size is 6688 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Chastain English Law
Law Firm
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.9892785
- Latitude
- 35.1325464
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Multi-level property with office, studio apartments, and creative space.
Where is this mixed-use property located?
The property is located at 199 Summitt St Memphis, TN.
What are key features of this property?
This property features: Unique mixed‑use property featuring office space and apartments for diverse income potential.; Prime Midtown location near Overton Square and Cooper‑Young, offering easy access to entertainment and cultural destinations.; **Upper level features a fully renovated studio apartment ready for occupancy** and a second studio apartment with renovation potential.
