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66 S Front St
Memphis, TN 38103

Front Row Development · Retail Property For Sale

Executive Summary

A rare and exciting offering to own in Downtown Memphis for $300,000! This value add offering has apartment, office and retail possibilities. The Live Work Play concept could be a bigger winner or Airbnb! Easy to rent retail/office space with residential/ commercial studio spaces where rent paying tenants can live, or work or play while they pay new owners note and cash flow. An office user could end up with a free office paid by the other residents. An investor can have cash flow and a great location that will appreciate. Market the rental studio spaces as Shabby Chic spaces; meaning they will look very similar to how they look now with a few added improvements of bathrooms, kitchens along with the required elements by code and attractive historic accents. Located in Downtown Memphis. Forbes has listed Memphis as one of the top 15 U.S. Cities with an Emerging Downtown. With over $3.86 billion in capital investments completed, underway or in planning, Downtown has been getting a make-over into a major Work. Live. Play. destination. A few of the reasons for this distinction include the recently announced $9 Billion expansion of St. Jude Children' s Research Hospital which will nearly double its economic impact in the community (1,800 new hospital jobs plus 3,000 general Medical District jobs), ServiceMaster' s new $40 Million Downtown headquarters (bringing 1,200 new jobs downtown by end of 2017), newly opened $190 Million Bass Pro Outdoor World (900 new jobs), $40 million in new infrastructure improvements, the Harahan Bridge pedestrian path, and many others.

PROPERTY FACTS

Property Type Retail
Property Subtype Storefront Retail/Residential
Building Class C
Lot Size 0.16 AC
Gross Internal Area 17,370 SF
Number of Floors 3
Year Built 1900
APN / Parcel ID 00-2039-A0-0004

zoning

Zoning Code CBD
CBD
  • Listing ID: 8494588

  • Date on Market: 05/08/2017

  • Last Updated:

  • Address: 66 S Front St, Memphis, TN 38103

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