400 Main StMemphis, TN 38103

Property Details for 400 Main St

Year built

1905

Lot size

0.09 AC

Property size (Sq ft)

10,871 SF

Zone code

MU

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

001-025- - -00010

APU

102500010

Description

This exceptional 2,261 square foot retail space is ideally situated on the northeast corner of South Main Street and Huling Avenue in Memphis, Tennessee's vibrant South Main Arts District. Currently fully vacant, this property presents a unique opportunity for a single or multiple tenant occupancy. The building's prime location offers unparalleled visibility and accessibility, making it perfect for a variety of retail or restaurant concepts. Located at 400 S Main St, zip code 38103, in Shelby County, this commercial property boasts a high-traffic location, ensuring maximum exposure to potential customers. The building's total square footage is 2,261 square feet, all of which is currently available. This presents a blank canvas for a business seeking to establish a strong presence in a thriving downtown area. The property's classification as both retail and restaurant suitable makes it versatile and attractive to a wide range of potential tenants. Its prominent corner location ensures excellent street visibility and easy access for customers. This is an exceptional opportunity to secure a highly visible and desirable retail space in a rapidly growing and dynamic urban setting. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,566,339

  6.5%

  $1,445,851

  7%

  $1,342,576

• Comparable approach

  Method

  Valuation

  Relative Method

  $847,503

  Geo Method

  $847,503

• Alternative Use

  Use

  Valuation

  Residential

  $1,792,856

  Hospitality

  $1,642,246

  Educational

  $1,366,329

  Medical

  $1,413,320

  Retail

  $2,125,401

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.1556

Longitude

-90.0482

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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