66 Front St Memphis, TN 38103
- Retail properties
- 3,500 SF
- 5,790.00 lot acres
Current Use by Public Records
- PharmPsych / Medical Clinic
- Memphis Art Park / Arts Organization
- Felicity Tutors / Tutoring Service
- Front Row Lofts / Condominium Complex
Property Details for 66 Front St
- Year built
- 1900
- Lot size
- 5,790.00 lot acres
- Property size
- 3,500 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional commercial condominium, located at 66 S Front Street in Memphis, TN 38103, presents a unique investment opportunity. The 3,500-5,000 square foot building, constructed in 1900, sits on a substantial 5.79 acres and is currently 75% occupied. The property is zoned for Office and Retail use and is specifically classified as a Creative Office and Commercial Condo, making it ideal for a variety of businesses. Four separate spaces are currently leased with terms ranging from three to five years, providing immediate rental income. The building's prime downtown location offers unparalleled visibility and accessibility, situated at the intersection of Front Street and Union Avenue. Its proximity to major landmarks such as AutoZone, The Peabody Memphis, AutoZone Park, and the University of Memphis Law School, coupled with its proximity to Riverside Drive and the Mississippi River, ensures high foot traffic and strong tenant demand. Furthermore, significant new developments surrounding the property to the south, north, and east contribute to its increasing value and rental potential. The asking price for this multi-tenant property is $1,200,000. This is a rare chance to acquire a well-located, income-producing property in a rapidly developing area of Memphis.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.0547
- Latitude
- 35.1437
