Property profile

400 Main St Memphis, TN 38103

OFF-MARKET
Investment properties
Property ID
US80-1392171
10,871 SF 0.09 ac lot Built 1905
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2,261 square foot retail space is ideally situated on the northeast corner of South Main Street and Huling Avenue in Memphis, Tennessee's vibrant South Main Arts District. Currently fully vacant, this property presents a unique opportunity for a single or multiple tenant occupancy. The building's prime location offers unparalleled visibility and accessibility, making it perfect for a variety of retail or restaurant concepts. Located at 400 S Main St, zip code 38103, in Shelby County, this commercial property boasts a high-traffic location, ensuring maximum exposure to potential customers. The building's total square footage is 2,261 square feet, all of which is currently available. This presents a blank canvas for a business seeking to establish a strong presence in a thriving downtown area. The property's classification as both retail and restaurant suitable makes it versatile and attractive to a wide range of potential tenants. Its prominent corner location ensures excellent street visibility and easy access for customers. This is an exceptional opportunity to secure a highly visible and desirable retail space in a rapidly growing and dynamic urban setting. Serious inquiries are encouraged.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1905
Total area 10,871 SF
Lot 0.09 ac (4,138 SF)
Zoning code MU
APN 001-025- - -00010
UPID US80-1392171

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
  • (Bike/Boat/Book/etc) Store Pet Store
  • Hotel & Motel
  • Bank Loan Service
  • Car Rental Facility
  • Auto Repair Shop Auto Parts Store

Location

400 Main St Memphis, TN 38103-1528
Memphis metro Census 11300 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$27.00M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$27.00M

Owner & transaction history

since 2024
Last sale
$27.0M
7 recorded transactions
2024
$27.0M
2022
Price N/A
2019
$1.1M
2018
$310,000
2012
$1,000
2010
$1,000
1999
Price N/A

Zoning & alternative use

MU · Memphis, TN
Zoning description

C. Mixed Use (MU) The MU District is intended to accommodate physically integrated uses. Permitted land use types include commercial, townhouses, apartments, and institutions. The ideal model consists of building(s) with…

General category MIXED_USE

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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