For Lease
$15/SF/YR

199 Summitt StMemphis, TN 38104

6,688 SF Office, Retail, & Residential

Overview

Added:
Dec 11, 2024
Days on market:
114
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
199 Summitt St, Memphis, Tennessee

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199 Summitt St
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