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Property profile & analytics
FOR LEASE
Hotels

477 S Main St Memphis, TN 38103

48,025 SF 0.2 ac lot Built 1913
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US80-3250976
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Hotels
Use group HOTEL
Year built 1913
Total area 48,025 SF
Lot 0.2 ac (8,712 SF)
Zoning code SM
APN 002-107- - -00002
UPID US80-3250976
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • ARRIVE Memphis Hotel & Motel
  • Hustle & Dough Bakery Specialty Food Shop
  • Bar Hustle Bar & Pub Nightclub
  • Longshot Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.16M
Owner & transaction history
South Main Hotel LLC · 7 yrs held
South Main Hotel LLC
since 2018
7 recorded transactions
2018
$1.4M
2018
Price N/A
2018
Price N/A
2016
$2.5M
2010
Price N/A
2010
$400,000
1969
Price N/A
Zoning & alternative use
SM · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $3.5M +7.8%
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