Property profile

372 Main St Memphis, TN 38103

OFF-MARKET
Warehouses
Property ID
US80-1957350
14,000 SF 0.16 ac lot Built 1905
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1905
Total area 14,000 SF
Lot 0.16 ac (6,970 SF)
Zoning code SM
APN 002-118- - -00001
UPID US80-1957350

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Alternative Medicine Practice
  • Alternative Medicine Practice
  • Alternative Medicine Practice
  • Gym & Fitness Center
  • Architecture Firm

Location

372 Main St Memphis, TN 38103-4219
Memphis metro Census 4200 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$255k

Owner & transaction history

since 2019
6 recorded transactions
2024
Price N/A
2024
Price N/A
2022
Price N/A
2021
Price N/A
2020
Price N/A
2019
$1.3M

Zoning & alternative use

SM · Memphis, TN
Zoning description

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…

General category SPECIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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