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109 N Main St - Claridge House Office Condo 5,295 SF Office Condo Unit Offered at $209,388 CAD in Memphis, TN 38103
INVESTMENT HIGHLIGHTS
- Key Destinations Within Walking Distance
- Flexible Zoning Allows Commercial Office Space and AirBNB
- Convenient Location of Government Buildings
EXECUTIVE SUMMARY
Welcome to 109 N Main St, a premier address that combines the convenience of office space and commercial opportunities with exceptional location potential. Situated in the heart of Downtown Memphis, this property offers direct access to the city's vibrant business and cultural scene. he building features a dynamic mix of occupancy, including 162 residential units and 4 commercial units. This unique combination creates an environment with a steady flow of built-in customers, making it an ideal setting for businesses looking to attract local residents and capitalize on the area's foot traffic.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Total Building Size | 170,884 SF | Floors | 17 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 8,846 SF |
| Property Subtype | Apartment | Year Built | 1927 |
| Building Class | C | Lot Size | 0.12 AC |
| Zoning | CBD - Commercial | ||
| Total Building Size | 170,884 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 17 |
| Typical Floor Size | 8,846 SF |
| Year Built | 1927 |
| Lot Size | 0.12 AC |
| Zoning | CBD - Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- Controlled Access
- Fitness Center
- Pool
- Property Manager on Site
- Grill
- Smoke Free
1 UNIT AVAILABLE
Unit C6
| Unit Size | 5,295 SF | Sale Type | Investment or Owner User |
| Price | $209,388 CAD | Sale Conditions | Distress Sale, High Vacancy Property, Redevelopment Project, Building in Shell Condition |
| Price Per SF | $39.54 CAD | APN/Parcel ID | 002007 A00164 |
| Condo Use | Office |
| Unit Size | 5,295 SF |
| Price | $209,388 CAD |
| Price Per SF | $39.54 CAD |
| Condo Use | Office |
| Sale Type | Investment or Owner User |
| Sale Conditions | Distress Sale, High Vacancy Property, Redevelopment Project, Building in Shell Condition |
| APN/Parcel ID | 002007 A00164 |
DESCRIPTION
Built-out office condo in rough shell like condition. Former offices of legal services nonprofit organization. Elevator lobby access/visibility, enclosed receptionist area, with 15+ private offices, conference rooms, breakroom.
HOA is $3,153.13 Per month and the seller is will pay for 5 months of HOA fees on behalf of the buyer at closing.
SALE NOTES
Convenient Location of Government Buildings
The City of Memphis City Hall is located next door, offering immediate access to essential municipal services. In addition, a variety of other government and public service offices are situated within walking distance, making the area especially convenient for conducting official business.
Key Facilities Within Walking Distance
- Shelby County Government Administration Building
- Odell Horton Federal Building
- City and County Courts
Federal Reserve Bank
With these major facilities close by, nearly every government service you might need can be reached easily on foot.
Key Destinations Within Walking Distance
The area offers convenient access to several major destinations, all within easy walking distance. The University of Memphis Law School is nearby, making it ideal for students, faculty, or visitors associated with the institution. Additionally, Memphis' largest hotel, the Sheraton, is located close by. The Sheraton is directly connected to the Renasant Convention Center, which serves as the venue for the city's largest convention events.
Easy Access to Downtown Memphis
For those wishing to explore further, stepping outside provides the opportunity to hop on the Trolley. This convenient transportation option offers access to nearly any location in downtown Memphis. Notable stops include the world-famous Beale Street, the scenic Mississippi riverfront, and the FedEx Forum, home of the Memphis Grizzlies.
+3 More
LOBBY
20250818_185247
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20250818_185045
20250818_184917
20250818_184806
20250818_184754
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
MAJOR TENANT INFORMATION
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| General Services Administration |
-
|
March 2021
|
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109 N Main St - Claridge House Office Condo
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