2207 3rd St Memphis, TN 38109-7709
- Office buildings
- 3,885 SF
- 0.56 lot acres
Jul 21, 2025
Current Use by Public Records
- Autoplan Auto Insurance - Third at Mallory / Auto Insurance Agency
Property Details for 2207 3rd St
- Year built
- 1953
- Lot size
- 0.56 lot acres
- Property size
- 3,885 SF
- Zone code
- CMU-3
- Property type
- Office buildings
- APN
- 050-074- - -00007-C
- APU
- 05007400007C
Description
This 3,885 square foot Class B storefront, located at 2207 S. Third St., Memphis, TN 38109, is available for $249,900 ($64.32/sq ft). Currently 100% occupied by an automobile insurance firm, the property offers a unique investment opportunity for an owner-user. The seller, a multi-branch operator, will consolidate operations into another nearby location, requiring a 30-60 day transition period after closing to notify clients. The two-story building sits on a 24,394 square foot lot, conveniently located approximately half a mile north of I-55 on the northwest corner of S. Third and Mallory Streets. Previously a bank, the interior retains teller stations, offering adaptable space for various retail uses. The property presents a strong potential for immediate income generation or conversion to suit a new owner's needs. This is a rare opportunity to acquire a well-located, established retail space in a thriving Memphis neighborhood.
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
- -90.0572
- Latitude
- 35.0868
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
