For Sale
$1,200,000

66 Front St Memphis, TN 38103

Prime location, high-growth area, multi-tenant income.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional commercial condominium, located at 66 S Front Street in Memphis, TN 38103, presents a unique investment opportunity. The 3,500-5,000 square foot building, constructed in 1900, sits on a substantial 5.79 acres and is currently 75% occupied. The property is zoned for Office and Retail use and is specifically classified as a Creative Office and Commercial Condo, making it ideal for a variety of businesses. Four separate spaces are currently leased with terms ranging from three to five years, providing immediate rental income. The building's prime downtown location offers unparalleled visibility and accessibility, situated at the intersection of Front Street and Union Avenue. Its proximity to major landmarks such as AutoZone, The Peabody Memphis, AutoZone Park, and the University of Memphis Law School, coupled with its proximity to Riverside Drive and the Mississippi River, ensures high foot traffic and strong tenant demand. Furthermore, significant new developments surrounding the property to the south, north, and east contribute to its increasing value and rental potential. The asking price for this multi-tenant property is $1,200,000. This is a rare chance to acquire a well-located, income-producing property in a rapidly developing area of Memphis.

Highlights

  • $1,200,000 asking price.
  • Office/Retail condo, Creative Office subtype, multi-tenant occupancy.
  • 3,500-5,000 square feet, 75% occupancy.
  • 1900 construction, 5.79 acres.
  • Prime downtown Memphis location at Front & Union Streets, near major landmarks and new developments.

Property Details for 66 Front St

Property type
Retail properties, Office properties
Square Feet
3,500 SF
Year Built
1900
Lot Size (sq. ft)
252,212,400 SF

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.143687
Longitude
-90.0546928

FAQs

What type of property is this?
Retail property - Prime location, high-growth area, multi-tenant income.
Where is the retail property located?
The property is located at 66 Front St Memphis, TN.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: $1,200,000 asking price.; Office/Retail condo, Creative Office subtype, multi-tenant occupancy.; 3,500-5,000 square feet, 75% occupancy.
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.
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66 Front St
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