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    477 Main St Memphis, TN 38103

    Sponsored
    For Lease
    Contact for pricing

    Prime location, 4,500 sq ft, fully vacant.

    Lot size:
    4,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4,500 square foot restaurant space is available for lease within the Arrive Hotel, situated on the highly desirable southwest corner of South Main Street and Butler Avenue in the heart of Downtown Memphis, Tennessee. The property is a single-tenant space, offering a blank canvas for a discerning restaurateur. Located in Shelby County, the space boasts excellent visibility and accessibility, benefiting from high foot traffic and proximity to numerous attractions and businesses. The address is 477 S Main St, Memphis, TN 38103. The property is classified as retail and restaurant space, offering a unique opportunity to establish a thriving culinary establishment in a vibrant urban setting. With its prominent location and substantial square footage, this space presents a rare chance to capitalize on the burgeoning Memphis food scene. The entire 4,500 square feet is currently vacant, providing immediate occupancy for a new tenant. This turnkey opportunity allows for complete customization and design to perfectly suit the vision of the future operator. The property's strategic location within the Arrive Hotel offers potential synergies and access to hotel guests and visitors. This is an ideal space for a restaurant seeking a high-profile location in a dynamic and growing area of Memphis.

    Property Features for 477 Main St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,500 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    4,500 SF

    HighLights

    • 4,500 SF turnkey restaurant space in Arrive Hotel, a 62‑room boutique hotel in the South Main Arts District.
    • Main Street Trolley Line frontage.
    • One block from the National Civil Rights Museum.
    • Walking distance to Orpheum Theater, Beale Street, and FedExForum.
    • Located in the South Main Arts District, a vibrant area with numerous restaurants, boutiques, and galleries.
    Property Profile Location Intelligence

    Current Use by Public Records

    ARRIVE Memphis Hotel Hustle & Dough Bakery Bar Hustle Cocktail Bar Longshot Sports Bar

    Suggested Use

    Realty agency Spa & Massage Dental Office Hair Salon Restaurant Nail Salon Building Supply Clothing Store Gym & Fitness 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
    -90.0593363
    Latitude
    35.134393

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    FAQs

    What type of property is this?
    Restaurant - Prime location, 4,500 sq ft, fully vacant.
    Where is this restaurant located?
    The property is located at 477 Main St Memphis, TN.
    What are key features of this property?
    This property features: 4,500 SF turnkey restaurant space in Arrive Hotel, a 62-room boutique hotel in the South Main Arts District.; Main Street Trolley Line frontage.; One block from the National Civil Rights Museum.
    Request Owner's contact information
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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
    477 Main St Memphis, TN 38103
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