199 Summitt St Memphis, TN 38104

This unique, vacant mixed-use property in the heart of Midtown Memphis offers 6,688 square feet across two stories in a 1910 building on a 0.187-acre lot (APN: 028008 00005C). The property is classified as a Class B building and is available under a NNN lease. The upper level features previously occupied office space with four private offices, a conference room, and a breakroom/kitchen. Additionally, there are two studio apartments; one fully renovated and ready for occupancy, the other requiring renovation. Both offer potential for long-term or short-term rentals. The lower level provides office/creative space, partially renovated and ready for immediate use. Its previous tenant was a visual marketing studio. The location is highly desirable, one block from Union Avenue (behind Midtown Fresh Market), two blocks from Overton Square, and close to Cooper-Young. This prime location offers proximity to cultural destinations including Playhouse on the Square, Hattiloo Theatre, and Overton Park. Significant investment in hotels, apartments, and retail is underway in the surrounding area, promising continued growth and strong rental income potential. This property presents a rare opportunity for an owner-user or investor seeking a high-income-producing asset in a thriving Memphis neighborhood.