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    Property profile

    64 S Main St Memphis, TN 38103

    FOR LEASE
    Retail space
    Property ID
    US80-3446101
    11,145 SF 0.08 ac lot Built 1947
    Entity Owned 7-yr Hold ~ Est. High Equity
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    64 S Main St, Memphis, TN 38103 For Lease 1 / 18
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    64 S Main St, Memphis, TN 38103
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    Property summary

    AI-generated overview

    A multi-level building located near the corner of South Main Street and Union Avenue in Downtown Memphis. The structure includes three primary levels plus a basement, mezzanine, and rooftop bar/patio area, providing up to approximately 14,000 square feet of space. The property is positioned within walking distance of downtown attractions including the North Main District, Beale Street, the FedEx Forum, AutoZone Park, the South Main District, The Rendezvous, The Peabody Hotel, and Flight Restaurant. Off-street parking is available via nearby parking garages, and the site benefits from traffic on Union Avenue, reported at approximately 9,898 AADT. The building is configured in a way suitable for restaurant or entertainment use.

    Property profile

    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1947
    Total area 11,145 SF
    Lot 0.08 ac (3,659 SF)
    Zoning code CBD
    APN 002-056- - -00009
    UPID US80-3446101

    Cap rate & NOI

    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors

    Location

    64 S Main St Memphis, TN 38103
    Memphis metro Census 4200 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
    Google Maps

    Value estimations

    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $677k
    Blend (final) Blend
    $300k

    Owner & transaction history

    since 2019
    7 recorded transactions
    2020
    Price N/A
    2019
    Price N/A
    2019
    Price N/A
    2019
    Price N/A
    2018
    Price N/A
    2017
    $335,000
    2017
    Price N/A

    Zoning & alternative use

    CBD · Memphis, TN
    Zoning description

    C. CBD: Central Business District. D. CMCS: Commercial Mobile Communications Services. E. DBH: Diameter Breast Height. F. FAA: Federal Aviation Administration G. LEED: Leadership in Energy and Environmental Design. H. LU…

    General category CIVIC_INSTITUTIONAL
    Top alternative use upside
    Apartment house (5+ units) $990,000 +46.5%
    Neighborhood: shopping center $820,000 +20.9%

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

    • Value Estimation
      $365,000
      3,638 SF
      55 Main St, Unit 101
      RETAIL STORES (PERSONAL SERVICES)
      55 Main St, Memphis, TN 38103-5122
      View Details
    • Value Estimation
      $4,000,000
      11,175 SF
      84 Main St
      RETAIL STORES (PERSONAL SERVICES)
      84 Main St, Memphis, TN 38103-5001
      View Details
    • Value Estimation
      $250,000
      3,000 SF
      393 Main St
      RETAIL STORES (PERSONAL SERVICES)
      393 Main St, Memphis, TN 38103-1527
      View Details
    • Value Estimation
      $1,125,000
      43,359 SF
      287 Madison Ave
      RETAIL STORES (PERSONAL SERVICES)
      287 Madison Ave, Memphis, TN 38103-2774
      View Details
    • Value Estimation by Request
      1,900 SF
      525 Main St
      RETAIL STORES (PERSONAL SERVICES)
      525 Main St, Memphis, TN 38103-4442
      View Details
    • Value Estimation
      $4,000,000
      12,231 SF
      80 Main St
      RETAIL STORES (PERSONAL SERVICES)
      80 Main St, Memphis, TN 38103-5001
      View Details

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    Recent comparable sales
    Sale price & price/SF · Sale date & distance · Adjustments & confidence
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