Property profile

107 Main St Memphis, TN 38103

FOR LEASE
Retail space
Property ID
US80-1083968
34,200 SF 0.16 ac lot Built 1910
Entity Owned 2-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional four-story building at 107 S. Main St., Memphis, TN 38103, offers a unique opportunity to lease creative office space in the heart of downtown. Originally constructed in 1910, this 34,200 square foot building boasts a blend of historic charm and modern functionality. The property features a mix of retail and office space, with multiple tenancy options available. Individual suites range from a minimum of 6,242 square feet to a maximum contiguous space of 6,507 square feet. Currently, there are 19,188 square feet of vacant space ready for immediate occupancy. The building's prime location on South Main Street provides excellent visibility and accessibility, placing businesses within easy reach of the city's vibrant cultural scene, amenities, and transportation networks. Ideal for businesses seeking a distinctive and inspiring work environment, this property offers a rare chance to establish a presence in one of Memphis's most sought-after addresses. The ground floor is suited for retail, while the upper floors provide ample office space. Inquire today to explore the possibilities of this remarkable property.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1910
Total area 34,200 SF
Lot 0.16 ac (6,839 SF)
Zoning code CBD
APN 002-042- - -00016
UPID US80-1083968

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tax Preparation
  • Real Estate Agency

Location

107 Main St Memphis, TN 38103
Memphis metro Census 4200 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.64M
Blend (final) Blend
$675k

Owner & transaction history

since 2023
7 recorded transactions
2024
Price N/A
2023
Price N/A
2023
Price N/A
2022
Price N/A
2022
Price N/A
2021
Price N/A
2019
$1.2M

Zoning & alternative use

CBD · Memphis, TN
Zoning description

C. CBD: Central Business District. D. CMCS: Commercial Mobile Communications Services. E. DBH: Diameter Breast Height. F. FAA: Federal Aviation Administration G. LEED: Leadership in Energy and Environmental Design. H. LU…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message