199 Summitt St, Memphis, TN 38104

6,688 SF | Office Building | Memphis, TN 38104 | $650,000 ($97/SF)

Asking Price $650,000

Property Type: Office
Square Feet: 6,688 SF
Price / Square Foot: $97

Listing Contacts

Darrell Cobbins

Verified Profile

Brandon Ingram

Verified Profile

Property Info

Property Overview

Don’t miss this RARE, AVAILABLE potential income producing opportunity!
Unique Mixed Use Property in Heart of Midtown Memphis AKA (Heart if the Arts)
Multi-level property:
Upper Level:
- office space previously occupied by a law firm
- Studio apartment that is fully renovated and ready for occupancy
- Long term or short term rental
- Unfinished and unrenovated - Ready for renovation
Lower Level :
- Office/ Creative Space; partially renovated but available fro occupancy. Currently used has a creative visual marketing studio.
This property is ideal for an owner/ user with an entrepreneurial mindset. Also ideal for an investor interested in four income producing components with tremendous income potential.
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 within blocks of this property

Property Details

Class: C
Year Built/Renovated: 1910/1982
Stories: 1
Property Subtype: Office/Residential, Other Restaurants, Freestanding, Storefront Retail/Residential
Lot Size (sq. ft): 7,405 SF

Highlights

- Located off of Union Ave; directly behind Fresh Market.
- Two blocks from Overton Spare (add link to Overton Square)
- Steps away from Cooper Young
- Major investments occurring along Union Ave and Cooper St
- In a quiet, Midtown neighborhood, away from the rustle and bustle; but close to places like Playhouse on the Square, Hattie Lou Theatre
- Also close to the Memphian Hotel, Ballet Memphis, Brook Museum, Memphis Zoo, Overton Park Shell, and Overton Park

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