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199 Summitt St Memphis, TN 38104

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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

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Listing Contact
Darrell Cobbins

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

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

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  • Local Demand
City
Memphis
County
Shelby
State
Tennessee
Longitude
-89.9892785
Latitude
35.1325464

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.
More about this property
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