For Lease
$15/SF/YR

199 Summitt St Memphis, TN 38104

6,688 SF Office, Retail, & Residential

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
134
This unique, 6,688-square-foot mixed-use property in Memphis' vibrant Midtown submarket presents a compelling investment opportunity. Located on Summit Street, just one block from Union Avenue and directly behind Midtown Fresh Market, this two-story, 1910 building offers a blend of traditional office, executive office, coworking, and creative office spaces. The upper level features four private offices, a conference room, a breakroom/kitchen, and two studio apartments—one fully renovated and ready for immediate occupancy, the other awaiting renovation. These apartments offer potential for long-term or short-term rentals. The lower level provides adaptable office/creative space, partially renovated and currently used as a visual marketing studio. The property sits on 0.187 acres and includes 10 parking spaces. Its prime location places it within blocks of Overton Square, the Cooper-Young district, and numerous cultural attractions, including Playhouse on the Square and Overton Park. The property is zoned CMU and benefits from significant recent investment in nearby hotels, apartments, and retail spaces along Union Avenue and Cooper Street. This is a rare chance to acquire a versatile property in a thriving, high-demand area. The building's character and location make it ideal for a variety of uses, offering strong potential for rental income and appreciation. The vacant 6,688 square feet provides flexibility for a single tenant or multiple occupants.

Highlights

  • 6,688 SF mixed-use building in Midtown Memphis, ideal for office, retail, or restaurant use.
  • Single-tenant occupancy with 6,688 SF currently vacant.
  • 0.187-acre lot, Class B building constructed in 1910.
  • Two-story building with 10 parking spaces.
  • Located one block from Union Ave, in the Cooper Young/Overton Square submarket, zoned CMU.

Property Details for 199 Summitt St

Property type
Retail properties, Restaurants
RSF (Rentable sq. ft)
6,688 SF
Class
B
Year Built
1910
Buildings
1
Stories
2

Unit(s) available at that property

Space
Size
6,688 SF
Rate per SF
$15

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.132579998386
Longitude
-89.989168168165

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FAQs

What type of property is this?
Retail property - 6,688 SF Office, Retail, & Residential
Where is the retail property located?
The property is located at 199 Summitt St Memphis, TN.
What is the lease rate?
The lease rate is $15/SF/YR.
What are key features of this property?
This property features: 6,688 SF mixed-use building in Midtown Memphis, ideal for office, retail, or restaurant use.; Single-tenant occupancy with 6,688 SF currently vacant.; 0.187-acre lot, Class B building constructed in 1910.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Darrell Cobbins
Darrell Cobbins
Brandon Ingram
Brandon Ingram
Visit Broker Website

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Useful Information

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Summitt St
Memphis, TN 38104

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Summitt St
Memphis, TN 38104

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

199 Summitt St
  • Darrell Cobbins
    Darrell Cobbins
  • Brandon Ingram
    Brandon Ingram
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