Unique Mixed-Use Property in the "Heart of the Arts"- Midtown Memphis

199 Summit Street, Memphis, TN 38104

  • For Sale $875,000
  • 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 Feb 2, 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.

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Attachments

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

broker

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
Powered by Walk Score ®
  • 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 Unique Mixed-Use Property in the "Heart of the Arts"- Midtown Memphis?

Rental asking rate at Unique Mixed-Use Property in the "Heart of the Arts"- Midtown Memphis is $437,500.00/YR.

What is the total square footage of Unique Mixed-Use Property in the "Heart of the Arts"- Midtown Memphis?

Unique Mixed-Use Property in the "Heart of the Arts"- Midtown Memphis totals 6,688 square feet.

When was this property built?

Unique Mixed-Use Property in the "Heart of the Arts"- Midtown Memphis was built in 1910.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Darrell Cobbins

Universal Commercial

(901) 249-9744