Listing Summary
Prime Downtown Memphis Redevelopment Opportunity | 52,684 SF Freestanding Retail & Mixed-Use Building
Full Description
Strategically positioned at the high-traffic southeast corner of South Main Street and Gayoso Avenue, this premier freestanding commercial building offers a massive 52,684 square feet of versatile space. Located in the soul of Downtown Memphis, Tennessee, this property represents a rare and lucrative investment opportunity perfectly suited for a high-profile redevelopment project.
Whether you are looking to develop a luxury boutique hotel, modern creative office suites, flagship retail, or upscale urban multi-family housing, this asset provides the scale and location necessary to command premium market rates.
Key Property Specifications
| Feature |
Details |
| Total Square Footage |
52,684 SF |
| Property Type |
Retail / Mixed-Use |
| Sub Type |
Freestanding Commercial Building |
| Building Height |
2 Stories + Ground Level + Underground Garage |
| Investment Category |
Value-Add / Redevelopment |
| Parking |
Private Underground Parking Garage |
Exceptional Investment Highlights
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Expansive Multi-Level Layout: The structure features prominent ground-floor retail space designed for high-visibility storefronts, complemented by two additional expansive floors ideal for conversion into residential or commercial units.
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Highly Coveted Amenities: Unlike many historic downtown properties, this building includes a private underground parking garage, a critical asset that significantly enhances the value of any luxury residential or hospitality redevelopment.
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Unrivaled Visibility: Situated on the South Main retail corridor, the property benefits from massive pedestrian and vehicular traffic, offering a "Main and Main" feel in one of the city's most vibrant cultural hubs.
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Walkability & Major Demand Drivers: * AutoZone Headquarters: A mere 2-minute walk from the city’s largest employer, providing a built-in daily audience of corporate professionals.
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Economic Vitality: Being centered in a rapidly growing urban core, this site offers immediate accessibility to the best of Memphis’ dining, music, and business districts.
The Perfect Canvas for Urban Innovation
This property is more than just a building; it is a gateway to the ongoing renaissance of Downtown Memphis. As a freestanding asset, it offers the flexibility for a total transformation. The high ceilings and large floor plates are perfectly conducive to creative loft offices or a sophisticated boutique hotel catering to the millions of tourists exploring the nearby South Main Arts District.
With its proximity to the Mississippi Riverfront and major corporate hubs, this South Main and Gayoso corner is the definitive choice for investors seeking a high-yield redevelopment project in the heart of the Mid-South.
Don't miss the chance to own a piece of Memphis history. Contact us today for full property details and to schedule a site tour.
Quick Glance
- Listing ID:
CL-Tennessee-27581
- Status:
Active
- Year Build:
N/A
- Building Size:
52,864 SqFt
- Lot Size:
N/A