150 Peabody Pl 1 Memphis, TN 38103-3700
This exceptional Class A office space, located at 150 Peabody Place in the heart of downtown Memphis, Tennessee, offers a significant opportunity for businesses seeking a prime location. The property, a single-tenant building, boasts a total of 368,315 square feet, with 82,030 square feet currently available for lease. The space is categorized as Traditional Office and is situated on the corner of Peabody Place and B.B. King Boulevard, providing excellent visibility and accessibility. Its strategic location places it just one block from Beale Street, the FedEx Forum, and the Peabody Hotel, offering unparalleled convenience and proximity to key attractions and amenities. The building features a common area cafeteria and lounge, enhancing employee comfort and collaboration. Secure parking garage access is also provided. Flexible sublease terms are available, with an expiration date of December 31, 2034. The available space ranges from 11,680 square feet to the full 82,030 square feet, allowing for customization to suit various business needs. This property presents a rare opportunity to secure a prestigious address in one of Memphis's most vibrant and desirable business districts within Shelby County. The building's modern amenities and central location make it an ideal choice for companies seeking a high-profile presence in the city.
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Vuanita Jones-McArthur, Best Real Estate Company Real Estate Agency
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Sugar Grits Restaurant
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ServiceMaster Consumer Services Hardware & Home Improvement
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Candu HVAC Service General Contractor
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ZeroTo510 Business Service Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
SE · Memphis, TNMemphis. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.