477 S Main St, Memphis, TN 38103
- Hotels
- 48,025 SF
- 0.20 lot acres
Current Use by Public Records
- ARRIVE Memphis / Hotel & Motel
- Hustle & Dough / Bakery / Specialty Food Shop
- Bar Hustle / Bar & Pub / Nightclub
- Longshot / Bar & Pub
Property Details for 477 S Main St
- Year built
- 1913
- Lot size
- 0.20 lot acres
- Zone code
- SM
- Property type
- Hotels
- APN
- 002-107- - -00002
- APU
- 210700002
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 13, 2018 | $1,423,520 | South Main Hotel LLC | Memphis Ctr City Revenue Fin C | Grant Deed | — |
| Aug 13, 2018 | — | South Main Hotel LLC | Durango Prime Properties LLC | Quit Claim Deed · related | $10.6M · Orion FCU |
| Jul 27, 2018 | — | 477 Main LLC | Wessman,john | Quit Claim Deed · related | — |
| Oct 7, 2016 | $2,500,000 | Wessman Holdings LLC | Memphis College Of Art | Grant Deed · related | — |
| Feb 15, 2010 | — | Memphis College Of Art | — | Trustees Deed · related | $1.5M · JR Hyde III Family Foundation |
| Feb 12, 2010 | $400,000 | Memphis College Of Art | Southeastern Lsc Holding Corp | Grant Deed | — |
| — | — | Lewis Supply Co INC | — | Deed Of Trust · related | $9M · Capitalsource Finance LLC |
| — | — | Memphis College Of Art | — | Deed Of Trust · related | $180k · Memphis Center City Dev Corp |
| — | — | Memphis College Of Art | — | Deed Of Trust · related | $200k · Memphis Center City Dev Corp |
Description
This exceptional 4,500 square foot restaurant space is available for lease within the Arrive Hotel, situated on the highly desirable southwest corner of South Main Street and Butler Avenue in the heart of Downtown Memphis, Tennessee. The property is a single-tenant space, offering a blank canvas for a discerning restaurateur. Located in Shelby County, the space boasts excellent visibility and accessibility, benefiting from high foot traffic and proximity to numerous attractions and businesses. The address is 477 S Main St, Memphis, TN 38103. The property is classified as retail and restaurant space, offering a unique opportunity to establish a thriving culinary establishment in a vibrant urban setting. With its prominent location and substantial square footage, this space presents a rare chance to capitalize on the burgeoning Memphis food scene. The entire 4,500 square feet is currently vacant, providing immediate occupancy for a new tenant. This turnkey opportunity allows for complete customization and design to perfectly suit the vision of the future operator. The property's strategic location within the Arrive Hotel offers potential synergies and access to hotel guests and visitors. This is an ideal space for a restaurant seeking a high-profile location in a dynamic and growing area of Memphis.
Value Estimations
-
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $3,270,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $3,525,000 Change: +8% Conversion: Difficult
- RETAIL STORES
- $2,915,000 Change: -11% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.0594
- Latitude
- 35.1344
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
