64 Main StMemphis, TN 38103

Property Details for 64 Main St

Year built

1947

Lot size

0.08 AC

Property size (Sq ft)

11,145 SF

Zone code

CBD

Property type

Retail space

APN

002-056- - -00009

APU

205600009

Description

This exceptional three-story retail property, totaling 14,000 square feet, presents a unique investment opportunity in the vibrant heart of Downtown Memphis. Located near the intersection of South Main Street and Union Avenue, this single-tenant building offers unparalleled visibility and accessibility. The entire 14,000 square feet is currently vacant, providing a blank canvas for a discerning tenant to create a flagship location or a multi-faceted retail experience. The building's three stories allow for creative design and layout options, catering to a variety of retail concepts. Its prime location within Shelby County, Tennessee, ensures high foot traffic and exposure to a diverse customer base. The 38103 zip code is known for its bustling atmosphere and strong retail presence. This property is ideal for an ambitious business seeking a prominent downtown Memphis address. The building's size and location offer significant potential for growth and return on investment. This is a rare opportunity to acquire a substantial retail space in a highly sought-after area of Memphis, Tennessee. The property's excellent condition and strategic location make it an attractive proposition for both established businesses and new ventures. Serious inquiries are encouraged to explore the possibilities this exceptional property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $2,360,552

  6.5%

  $2,178,971

  7%

  $2,023,330

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,189,538

  Geo Method

  $2,189,538

• Alternative Use

  Use

  Valuation

  Residential

  $1,838,044

  Hospitality

  $1,683,638

  Educational

  $1,400,767

  Medical

  $1,448,942

  Retail

  $2,178,971

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.1434

Longitude

-90.0531

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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