777 Main StMemphis, TN 38106

Property Details for 777 Main St

Year built

1943

Lot size

0.05 AC

Property size (Sq ft)

29,952 SF

Zone code

SDBP

Property type

Office properties

Property subtype

Office buildings

APN

012-074- - -00006

APU

1207400006

Description

This exceptional mixed-use development opportunity is located at 777 S Main St, Memphis, TN 38106, in Shelby County. The property boasts a substantial 29,952 square feet of space, situated on a 0.08-acre lot. The asking price is $1,650,000, translating to a price per square foot of $55.09. The property consists of one building and features a large 105ft x 127ft parking lot with a capacity of 37 vehicles. The permitted zoning is SMSD, presenting a versatile canvas for residential or mixed-use development projects. This prime South Main Street location offers significant potential for investors seeking to capitalize on the vibrant Memphis market. The property's APN is 012074 00006 and 012074 00007. This is a rare chance to acquire a substantial property in a high-demand area, ready for redevelopment to suit a variety of uses. The scale of the lot and existing building provides ample space for a creative and profitable venture. Don't miss this opportunity to shape the future of this dynamic Memphis location.

• CAP approach

  CAP return

  Valuation

  6%

  $4,315,608

  6.5%

  $3,983,638

  7%

  $3,699,093

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,335,058

  Geo Method

  $2,335,058

• Alternative Use

  Use

  Valuation

  Residential

  $4,939,712

  Hospitality

  $4,524,750

  Educational

  $3,764,538

  Medical

  $3,894,007

  Retail

  $5,855,948

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.1264

Longitude

-90.0594

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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