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    777 Main St Memphis, TN 38106

    For Sale
    $1,650,000

    Prime Memphis location, development opportunity.

    Property size:
    29,952 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional mixed-use development opportunity is located at 777 S Main St, Memphis, TN 38106, in Shelby County. The property boasts a substantial 29,952 square feet of space, situated on a 0.08-acre lot. The asking price is $1,650,000, translating to a price per square foot of $55.09. The property consists of one building and features a large 105ft x 127ft parking lot with a capacity of 37 vehicles. The permitted zoning is SMSD, presenting a versatile canvas for residential or mixed-use development projects. This prime South Main Street location offers significant potential for investors seeking to capitalize on the vibrant Memphis market. The property's APN is 012074 00006 and 012074 00007. This is a rare chance to acquire a substantial property in a high-demand area, ready for redevelopment to suit a variety of uses. The scale of the lot and existing building provides ample space for a creative and profitable venture. Don't miss this opportunity to shape the future of this dynamic Memphis location.

    Property Features for 777 Main St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    29,952 SF
    Lot Size
    3,485 SF

    Building Details

    Buildings
    1

    HighLights

    • $1,650,000 asking price for a mixed‑use development opportunity.
    • 29,952 square feet on a 0.08‑acre lot.
    • $55.09 price per square foot.
    • Located at 777 S Main St, Memphis, TN 38106.
    • SMSD zoning.
    • Includes a 105ft x 127ft parking lot with 37 spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Threat Response Training ... Self Defense School

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.059125488657
    Latitude
    35.126443967596

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Memphis location, development opportunity.
    Where is this mixed-use property located?
    The property is located at 777 Main St Memphis, TN.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: $1,650,000 asking price for a mixed-use development opportunity.; 29,952 square feet on a 0.08-acre lot.; $55.09 price per square foot.
    (901) 338-3226
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    777 Main St Memphis, TN 38106
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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
    777 Main St Memphis, TN 38106
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