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Property profile & analytics
OFF-MARKET
Office Units

573 Highland St Memphis, TN 38111

31,996 SF Built 1924
Property ID
US80-1243323
Property summary
AI-generated overview

This exceptional Class A creative office space, part of a $448 million University of Memphis area redevelopment, offers 4,065 square feet of immediately available space within a larger 31,996 square foot building. Located at 573 S Highland St, Memphis, TN 38111, near the intersection of Southern Avenue, this single-story building boasts a prime location, benefiting from its proximity to the University of Memphis campus. With 23,000 students and 2,500 faculty and staff within walking distance, this property presents a unique opportunity for businesses seeking a vibrant and accessible location. Originally built in 1924 and extensively renovated in 2016, the building offers modern amenities within a historically significant structure. The property is categorized as Retail, Restaurant, and Office, with a current vacancy of 4,065 square feet in a multi-tenant building. On-site security and private parking are included, adding to the convenience and security of this exceptional property. This location is ideal for businesses seeking to capitalize on the high foot traffic and strong student population in this rapidly developing area of Memphis, Shelby County. The property's creative office subtype makes it particularly suitable for businesses seeking a unique and inspiring workspace.

Property profile
Verified
Property type Office Units
Year built 1924
Total area 31,996 SF
UPID US80-1243323
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
  • Vieron N L Church
  • Annunciation Greek Orthodox Church Church
  • Memphis Greek Festival Music Venue
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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