26 Main St Memphis, TN 38103
- Retail space
- 14,900 SF
- 0.08 lot acres
Current Use by Public Records
- Retail space
Property Details for 26 Main St
- Year built
- 1910
- Lot size
- 0.08 lot acres
- Property size
- 14,900 SF
- Zone code
- CBD
- Property type
- Retail space
- APN
- 002-057- - -00008
- APU
- 205700008
Description
This exceptional three-story building, totaling 14,900 square feet, is situated in the heart of Memphis' Central Business District at 26 S Main St, zip code 38103. Constructed in 1910, this property boasts a prime location, steps from the Memphis Art Museum, FedEx Forum, and AutoZone Park. Its proximity to the 100 N Main mixed-use redevelopment project, a 37-story development featuring office, residential, and hotel space, further enhances its investment potential. The building's three floors offer significant flexibility, and a basement provides additional space, potentially suitable for secure parking. Architectural plans for a mixed-use redevelopment are included, and the property is eligible for Downtown Memphis Commission Grants, making it an ideal opportunity for a mixed-use project incorporating office, retail, and residential components. The building's size and location make it a compelling investment opportunity in a rapidly developing area of downtown Memphis. For a comprehensive overview of ongoing development projects in the vicinity, please refer to the Downtown Memphis Commission's current projects database. This is a rare chance to acquire a historic building with significant upside in a thriving urban core.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $700,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $835,000
- 6.5%
- $880,000
- 7%
- $760,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $885,000
- Geo Method
- $925,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $725,000
- Retail
- $935,000
- Mixed-Use
- $830,000
- Hospitality
- $760,000
- Educational
- $680,000
- Residential Income
- $685,000
- Energy
- $685,000
- Income-Based Land
- $925,000
- Food Service
- $820,000
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.0527
- Latitude
- 35.1444
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
