431 Main StMemphis, TN 38103

Property Details for 431 Main St

Year built

1911

Lot size

0.15 AC

Property size (Sq ft)

24,000 SF

Zone code

SM

Property type

Office properties

Property subtype

Other office properties

APN

002-105- -F-00001

APU

002105F00001

Description

This exceptional Class A executive office building, located at 431 S Main St in Memphis, Tennessee, offers 19,744 square feet of premium workspace. Situated in the heart of Shelby County, zip code 38103, this property presents a rare opportunity for businesses seeking a prestigious and functional office environment. The building's "Executive Office" subtype signifies a high level of finish and amenity, ideal for companies prioritizing a sophisticated and efficient workspace. The expansive square footage allows for flexible configurations to accommodate various business needs, from individual offices to large open floor plans. The strategic location in Memphis provides excellent access to major transportation routes, enhancing connectivity and convenience for employees and clients alike. This property is currently offered for sale, presenting a compelling investment opportunity in a thriving urban center. The building's Class A designation reflects its superior construction quality, modern design, and high-end features. Interested parties are encouraged to explore the potential of this remarkable property to establish a prominent presence in the Memphis business community. The precise latitude and longitude coordinates are 35.1349054, -90.0591025, facilitating easy location verification and mapping. This is a turnkey solution for businesses seeking immediate occupancy in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,458,020

  6.5%

  $3,192,018

  7%

  $2,964,017

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,871,040

  Geo Method

  $1,871,040

• Alternative Use

  Use

  Valuation

  Residential

  $3,958,102

  Hospitality

  $3,625,600

  Educational

  $3,016,457

  Medical

  $3,120,198

  Retail

  $4,692,266

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.135

Longitude

-90.0593

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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