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109 N Main St
Memphis, TN 38103 Downtown Memphis

$150,000 USD

Apartments Condo For Sale  •  5,295 SF

Property Details

  • Property Type Apartments
  • Total Building Size 170,884 SF
  • Lot Size 0.12 AC
  • Building Class C
  • Year Built 1927
  • Zoning CBD
53 Transit Score
91 Walk Score

1 Unit Available

Name Condo Use Size Price Details
2nd Floor - Unit C6 Office 5,295 SF $150,000 USD
  • Unit Size: 5,295 SF
  • Condo Use: Office
  • Price: $150,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $28.33 USD
Description
Built-out office condo in rough shell like condition.  Former offices of legal services nonprofit organization.  Elevator lobby access/visibility, enclosed receptionist area, with 15+ private offices, conference rooms, breakroom.

HOA is $3,153.13 Per month and the seller is will pay for 5 months of HOA fees on behalf of the buyer at closing.

Sale Notes
Convenient Location of Government Buildings
The City of Memphis City Hall is located next door, offering immediate access to essential municipal services. In addition, a variety of other government and public service offices are situated within walking distance, making the area especially convenient for conducting official business.
Key Facilities Within Walking Distance
•	Shelby County Government Administration Building
•	Odell Horton Federal Building
•	City and County Courts
•	Federal Reserve Bank
With these major facilities close by, nearly every government service you might need can be reached easily on foot.
Key Destinations Within Walking Distance
The area offers convenient access to several major destinations, all within easy walking distance. The University of Memphis Law School is nearby, making it ideal for students, faculty, or visitors associated with the institution. Additionally, Memphis' largest hotel, the Sheraton, is located close by. The Sheraton is directly connected to the Renasant Convention Center, which serves as the venue for the city's largest convention events.
Easy Access to Downtown Memphis
For those wishing to explore further, stepping outside provides the opportunity to hop on the Trolley. This convenient transportation option offers access to nearly any location in downtown Memphis. Notable stops include the world-famous Beale Street, the scenic Mississippi riverfront, and the FedEx Forum, home of the Memphis Grizzlies.

Description

Welcome to 109 N Main St, a premier address that combines the convenience of office space and commercial opportunities with exceptional location potential. Situated in the heart of Downtown Memphis, this property offers direct access to the city's vibrant business and cultural scene.

he building features a dynamic mix of occupancy, including 162 residential units and 4 commercial units. This unique combination creates an environment with a steady flow of built-in customers, making it an ideal setting for businesses looking to attract local residents and capitalize on the area's foot traffic.

Highlights

Key Destinations Within Walking Distance
Convenient Location of Government Buildings
Flexible Zoning Allows Commercial Office Space and AirBNB

Financial Summary

Total Expenses: $0 USD

Major Tenants

Tenant SF Occupied Lease End Date
Arch Inc
Claridge House Condo Owners Assn
From The Heart Event Rentals
General Services Administration 3/11/2021
Qahwa Coffee Bar
SFAX Limousine Service
Willie Moore's Restaurant

Amenities

  • Air Conditioning
  • Controlled Access
  • Fitness Center
  • Pool
  • Property Manager on Site
  • Grill
  • Smoke Free

Public Transportation

Commuter RailDriveWalkDistance
Central Station (Riverfront Loop - Memphis Area Transit Authority Trolley (MataTrolley)) 3 min - 1.4 mi
AirportDriveWalkDistance
Memphis International 21 min - 10.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Covered
Included in Rent: Yes
John Cornes 901-881-2070 Braden Braden & Braden LLC
John Cornes 901-881-2070 Braden Braden & Braden LLC