156 Beale St Memphis, TN 38103

This unique investment opportunity presents a leasehold interest in a 1-bedroom, 1.5-bathroom mixed-use property located at 156 Beale Street in Memphis, Tennessee. Situated in the heart of the vibrant Beale Street entertainment district, this 1,000-1,200 square foot property is ideally positioned within three blocks of numerous nightclubs, restaurants, and shops. The property is part of a National Historic Landmark district, known for its rich musical history encompassing blues, jazz, rock, R&B, and gospel. Currently configured and furnished for short-term rentals, the leasehold offers significant income potential. The asking price is $125,000, with a current monthly rent and CAM charges totaling $2,371.62. The existing lease expires December 31, 2027, with an option to extend for an additional seven years. Recent upgrades include updated electrical systems (lighting, outlets, switches), fresh interior paint, a smart thermostat, a smart lock, and smart TVs. This presents a rare chance to own a piece of Memphis history and capitalize on the thriving Beale Street tourism market. The property's location and recent improvements make it an attractive investment for both short-term rental operators and those seeking a unique commercial venture in a high-demand area. The lease has been updated to specifically allow for short-term rental/commercial use.