For Sale $650,000
Property Type Office - Creative Office
Property Size 6,688 SF
Units 4
Lot Size 0.19 Acre
Property Tenancy Multi-Tenant
Building Class B
Year Built 1910
Year Renovated 1990
Date Updated Apr 1, 2024

Located one block off of Union Ave (directly behind the popular Midtown Fresh Market) Two blocks from Overton Square: http://overtonsquare.com/ Blocks away from Cooper-Young neighborhood and entertainment district Situated in a quiet Midtown neighborhood, away from the hustle and bustle; but close enough to iconic cultural destinations like Playhouse on the Square, Hattiloo Theatre, Memphian Hotel, Ballet Memphis, Brook Museum, Memphis Zoo, Overton Park Shell, and Overton Park (Memphis’ Central Park) Major hotel, apartment, and retail investments occurring along Union Ave and Cooper St w/in blocks of this propertyUnique Mixed Use Property in Heart of Midtown Memphis aka (Heart of the Arts) Multi-level property: Upper Level - 1. Office space previously occupied by a law firm. 4 private offices, conference room, break-room/kitchen. 2. Studio apartment that is fully renovated and ready for occupancy 3. Studio apartment not yet renovated- both units are opportunities for long term or short term rental (airbnb, vrbo, etc) Lower Level - - Office/ Creative Space; partially renovated but available for occupancy. Currently used as a creative visual marketing studio.Introducing 199 Summit Street, a prime commercial property for lease in Memphis, TN. This modern space offers an ideal location for businesses looking to thrive in a vibrant environment. Boasting ample natural light, an open floor plan, and versatile layout options, this property is perfect for customization to suit various business needs. The building features high ceilings, state-of-the-art facilities, and ample parking, providing convenience and accessibility for both employees and clients. With its strategic positioning and contemporary design, 199 Summit Street presents a unique opportunity for businesses seeking a dynamic and professional setting to call their own.

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Attachments

Sale Brochure (PDF) opens in new window

Highlights

This property is ideal for an owner/user with an entrepreneurial mindset. Ideally suited for an investor interested in income-producing components with tremendous income potential in an area with strong middle-income. households
Don’t miss this RARE, AVAILABLE potential income-producing opportunity

Contacts

Darrell Cobbins

Universal Commercial

(901) 249-9744

Location

Getting Around

Walk Score ®
80/100 Very Walkable
Transit Score ®
35/100 Some Transit
Bike Score ®
66/100 Bikeable

City Memphis, TN
Neighborhood Central Gardens
Zip Code 38104
Market Memphis

Points of Interest

Cleveland Street

0.85 miles
Pauline

1.46 miles
Dunlap

1.66 miles
Orleans

1.94 miles
Danny Thomas

2.27 miles
Third Street

2.63 miles
Madison

2.86 miles
North Court

2.86 miles
South Court

2.87 miles
Union

2.87 miles

Shell

0.22 miles
BP

0.37 miles
K Circle

0.47 miles
Ballingers

0.80 miles
Kroger

0.90 miles
Mapco

0.91 miles
Valero

0.94 miles
BP

1.04 miles
Citgo

1.20 miles
Marathon

1.43 miles

POB Parking Garage

0.74 miles
Overton Square Garage

0.79 miles
MUH Parking Garage

0.84 miles
Parkview Parking

0.84 miles
Associate Parking Garage

0.96 miles
Memphis Zoo Parking

1.31 miles
Pauline Garage

1.41 miles
Central Parking lot

1.41 miles
Crosstown Concourse Parking Garage

1.45 miles
CBU Resident Parking

1.49 miles

Belvedere Suites

0.43 miles
Rodeway Inn - Linden Ave

0.97 miles
Lamplighter Inn

1.00 miles
Holiday Inn Express - Medical Center Midtown

1.06 miles
Best Western Plus Gen X Inn

1.10 miles
Hostel Memphis

1.23 miles
Pilgrim House Hotel

1.24 miles
Econo Lodge

1.28 miles
Motel 6 Memphis Downtown

1.34 miles
Bellevue Inn

1.64 miles

KFC

0.21 miles
Captain D's

0.25 miles
Midtown Donuts

0.25 miles
Flame Ramen

0.31 miles
Sekisui

0.33 miles
Casablanca Mediterranean Cuisine

0.39 miles
Onix Restaurant

0.39 miles
Dunkin'

0.41 miles
Frida's Mexican Restaurant

0.41 miles
Marco's Pizza

0.42 miles

Grace Saint Lukes School

0.08 miles
Idlewild Presbyterian Kindergarten

0.26 miles
Academy of Performing Arts Preschool

0.39 miles
Immaculate Conception School

0.45 miles
Idlewild Elementary School

0.45 miles
Midtown Church of Christ Day School

0.47 miles
Cathedral of Immaculate Conception Preschool

0.52 miles
Memphis Catholic High School

0.57 miles
Central High School

0.76 miles
Montessori School

0.78 miles

Union Avenue Baptist Church Child Enrichment Center

0.91 miles
Saint Jude Day Care Center

2.16 miles
Miriam Child Development Center

2.43 miles
Vollintine Baptist Day Care Center

2.47 miles
Harris Memorial Day Care and Learning Center

2.95 miles
Barbara K Lipman Early Childhood School and Research Institute

3.91 miles
Fireside Temple Church of God in Christ Day Care Center

7.03 miles
Mount Pisgah Baptist Church Day Care Center

7.73 miles
La Petite Academy

7.98 miles
Middle Baptist Church Daycare Center

8.22 miles

Frequently Asked Questions

What is the lease rate for For Sale or Lease: Mixed-Use Property in the "Heart of the Arts"- Midtown Memphis?

Rental asking rate at For Sale or Lease: Mixed-Use Property in the "Heart of the Arts"- Midtown Memphis is $325,000.00/YR.

What is the total square footage of For Sale or Lease: Mixed-Use Property in the "Heart of the Arts"- Midtown Memphis?

For Sale or Lease: Mixed-Use Property in the "Heart of the Arts"- Midtown Memphis totals 6,688 square feet.

When was this property built?

For Sale or Lease: Mixed-Use Property in the "Heart of the Arts"- Midtown Memphis was built in 1910.

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