Map of Property

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

For Sale

199 Summit Street, Memphis, TN 38104

This Memphis property for sale is located at 199 Summit Street. The general use of For Sale or Lease: Mixed-Use Property in the "Heart of the Arts"- Midtown Memphis is office and it incorporates 6,688 square feet of class B office space. The current listed sale price for For Sale or Lease: Mixed-Use Property in the "Heart of the Arts"- Midtown Memphis is $650,000. For Sale or Lease: Mixed-Use Property in the "Heart of the Arts"- Midtown Memphis is situated on a lot that is 0.19 acre in size.

Contacts

broker

Darrell Cobbins

Universal Commercial

(901) 249-9744

Property Details

  • 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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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

Attachments

Getting around

  • 80/100

    Walk Score ®

  • 35/100

    Transit Score ®

  • 66/100

    Bike Score ®

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Location

  • 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

  • Kroger

    0.20 miles

  • Cash Saver

    0.50 miles

  • Viet Hoa Food Market

    0.82 miles

  • The Fresh Market

    0.85 miles

  • Kroger

    1.97 miles

  • Peabody Place

    2.75 miles

  • Kroger

    3.20 miles

  • Cordelia's Market

    3.41 miles

  • Aldi

    3.56 miles

  • High Point Grocery

    3.88 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Darrell Cobbins

Universal Commercial

(901) 249-9744