Property summary
This exceptional commercial property at 372 S Main St, Memphis, TN 38103, offers two available spaces ideal for a variety of businesses. Located in the vibrant South Main Historic District, this prime corner location boasts high visibility and foot traffic. The first floor features 2,875 square feet, while the second floor offers a spacious 3,410 square feet. The property is classified as Retail and Office, specifically a Creative Office subtype, and is suitable for diverse uses including traditional retail, office spaces, creative studios, fitness centers, co-working spaces, and experiential retail concepts. The building enjoys a strong tenant mix, including YogaSix and Memphis Spine & Sport. Its central location provides easy access to numerous Downtown amenities, including a wide array of restaurants, hotels, attractions, and shops. Nearby establishments include Earnestine & Hazel's, the National Civil Rights Museum, Beale Street Entertainment District, FedEx Forum, Tom Lee Park, Old Dominick Distillery, Wiseacre Brewery, The Slider Inn, The Chisca, Central Station Hotel, Arrive Hotel, and Hyatt Centric Beale Street. This property presents a unique opportunity to establish a presence in one of Memphis's most sought-after commercial districts. The multiple tenancy structure allows for flexibility and potential for synergistic partnerships. Contact us today to learn more about this exciting opportunity.
Property profile
VerifiedCap rate & NOI
Current use
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Alternative Medicine Practice
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Alternative Medicine Practice
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Alternative Medicine Practice
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Gym & Fitness Center
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Architecture Firm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
7.2.2 South Main (SM) District Memphis/Shelby County Unified Development Code 295 ZTA 24-2 Hotel, Bed and Breakfast Retail Sales, Outdoor D. Additional Requirements 1. Adult Entertainment shall not be permitted. 2. Any b…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
SM · Memphis, TN7.2.2 South Main (SM) District Memphis/Shelby County Unified Development Code 295 ZTA 24-2 Hotel, Bed and Breakfast Retail Sales, Outdoor D. Additional Requirements 1. Adult Entertainment shall not be permitted. 2. Any b…
Zoning
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Zoning designation
Official district profile
7.2.2 South Main (SM) District Memphis/Shelby County Unified Development Code 295 ZTA 24-2 Hotel, Bed and Breakfast Retail Sales, Outdoor D. Additional Requirements 1. Adult Entertainment shall not be permitted. 2. Any b…
What can be built and operated here — officially.
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