477 S Main St Memphis, TN 38103
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.
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ARRIVE Memphis Hotel & Motel
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Hustle & Dough Bakery Specialty Food Shop
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Bar Hustle Bar & Pub Nightclub
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Longshot Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
SM · Memphis, TNMemphis. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.