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    640 3Rd St Memphis, TN 38107

    Sponsored
    For Lease
    Contact for pricing

    700 SF Creative Office, Prime Location

    Lot size:
    700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 700-square-foot creative office space is ideally situated in Memphis' vibrant Uptown area, at the corner of N 3rd Street and Looney Avenue. Located on the ground floor of a newly constructed building (2018), this unit offers a unique blend of functionality and style. The space is perfect for a variety of creative businesses or even residential conversion, given its versatile layout and convenient amenities. A full kitchen and bathroom are included, enhancing the practicality and comfort of the space. The multiple tenancy building provides a collaborative and dynamic environment. This property presents a rare opportunity to secure a well-appointed office space in a highly sought-after Memphis neighborhood. The address is 640 N 3rd St, Memphis, TN 38107, within Shelby County. The property is classified as Retail and Office, specifically a Creative Office subtype. Its prime location and modern features make it an attractive option for businesses seeking a stylish and functional workspace. The space is currently available for lease.

    Property Features for 640 3Rd St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    700 SF

    Unit(s) available at that property

    Space
    Ground Floor
    Size
    700 SF

    HighLights

    • 700‑square‑foot creative office space in Memphis' Uptown area.
    • Ground‑floor unit in a newly constructed (2018) building at 640 N 3rd St, Memphis, TN 38107.
    • Features a full kitchen and bathroom.
    • Located in a multi‑tenant building.
    • Currently available for lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0434595
    Latitude
    35.1612791

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    FAQs

    What type of property is this?
    Office space - 700 SF Creative Office, Prime Location
    Where is this office space located?
    The property is located at 640 3Rd St Memphis, TN.
    What are key features of this property?
    This property features: 700-square-foot creative office space in Memphis' Uptown area.; Ground-floor unit in a newly constructed (2018) building at 640 N 3rd St, Memphis, TN 38107.; Features a full kitchen and bathroom.
    Request Owner's contact information
    640 3Rd St Memphis, TN 38107
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    Memphis, TN 38107
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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
    640 3Rd St Memphis, TN 38107
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