199 Summitt St

Investment Highlights

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

Executive Summary

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 districtSituated 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

• Sale Type    Owner User
• Property Type    Office
• Property Subtype    Office/Residential Office/Residential General Retail Bar General Retail Freestanding General Retail Storefront Retail/Residential Office/Residential
• Building Size    6,688
• Building Class    C
• Year Built/Renovated    1910/1982
• Price    650,000
• Price Per SF    97
• Tenancy    Multiple
• Building Height    1 Story
• Typical Floor Size    6,688
• Building FAR    0.90
• Land Acres    0.17 AC