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  1. Retail Space
  2. TN
  3. Memphis

400 S Main St

For Lease 8,800 SF

400 S Main St, Memphis, TN 38103

Located in the revitalized South Main Arts District, home to dozens of locally owned shops and restaurants. Walking distance from countless restaurants, hotels, shops, museums, and points of interest in Downtown Memphis.Located at The Rambler, an 18-unit boutique hotel in the heart of Downtown Memphis’ South Main Arts District, this unique opportunity offers flexible ground-floor retail and hospitality space in one of the city’s most vibrant and walkable neighborhoods. Up to 2,300 square feet of retail space is available with prime South Main frontage, high ceilings, and the potential to subdivide for multiple users or concepts. Additionally, a 6,500-square-foot outdoor pool patio and cabana space presents a rare opportunity for bar service and light food offerings catering to both hotel guests and the public. Surrounded by locally owned restaurants, shops, entertainment venues, and cultural attractions, the property benefits from exceptional visibility and convenient access to Downtown Memphis hotels, museums, dining destinations, and entertainment hubs.

Key features

  • 6,500 SF outdoor pool patio and cabana opportunity with potential for bar service and light food offerings for hotel guests and the public
  • Up to 2,300 SF of retail space available with prime South Main frontage, high ceilings, and potential to subdivide for multiple users or concepts

Rental Details

  • Number of spaces 2
  • Total square feet available 8,800 SF
  • For Lease Price on request
  • Space Type Street Retail, Retail
  • Lease Type Modified Gross
  • Latest Update Oct 28, 2026
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

True

Space Name Space Type Lease Rate Total Space Floor Lease Type Expand

2 Spaces Available

Space Name Space Type Lease Rate Total Space Floor Lease Type Expand
400 S Main Street Street Retail Price on request 2,300 SF - Modified Gross

400 S Main Street

Space Type

Street Retail

Lease Rate

Price on request

Additional Rent

Price on request

Total Space Available

2,300 SF

Divisible Space

2,300 - 2,300 SF

Available Date

Immediate

Lease Type

Modified Gross

Renewal Option

Yes

Sublease

No

400 S Main St
400 S Main St
400 S Main St
400 S Main St

Located on the ground floor of The Rambler, an 18-unit boutique hotel, this 2,300-square-foot retail opportunity offers prime street frontage along South Main in the heart of Downtown Memphis’ vibrant South Main Arts District. The space features high ceilings throughout and offers flexibility to accommodate multiple users or concepts through potential subdivision. Surrounded by locally owned shops, restaurants, entertainment venues, and cultural destinations, the property benefits from exceptional visibility and a highly walkable setting with convenient access to Downtown Memphis hotels, museums, dining destinations, and major attractions.

400 S Main Street Retail Price on request 6,500 SF - Modified Gross

400 S Main Street

Space Type

Retail

Lease Rate

Price on request

Additional Rent

Price on request

Total Space Available

6,500 SF

Divisible Space

6,500 - 6,500 SF

Available Date

Immediate

Lease Type

Modified Gross

Renewal Option

Yes

Sublease

No

400 S Main St
400 S Main St
400 S Main St
400 S Main St
400 S Main St
400 S Main St

Located on the ground floor of The Rambler, an 18-unit boutique hotel, this 6,500-square-foot outdoor pool patio presents a unique hospitality opportunity in the heart of Downtown Memphis’ South Main Arts District. The space offers the potential to operate an outdoor pool patio and cabana concept with bar service and light food offerings for both hotel guests and the public. The opportunity also includes access to event space, with ownership open to either a traditional fixed lease structure or a management agreement. Positioned within one of Memphis’ most vibrant and walkable districts, the property is surrounded by locally owned shops, restaurants, entertainment venues, and cultural destinations, with convenient access to hotels, museums, dining, and attractions throughout Downtown Memphis.

400 S Main Street

Space Type
Street Retail
Lease Rate
Price on request
Total Space
2,300 SF
Lease Type
Modified Gross
Space Type

Street Retail

Lease Rate

Price on request

Additional Rent

Price on request

Total Space Available

2,300 SF

Divisible Space

2,300 - 2,300 SF

Available Date

Immediate

Lease Type

Modified Gross

Renewal Option

Yes

Sublease

No

400 S Main St
400 S Main St
400 S Main St
400 S Main St

Located on the ground floor of The Rambler, an 18-unit boutique hotel, this 2,300-square-foot retail opportunity offers prime street frontage along South Main in the heart of Downtown Memphis’ vibrant South Main Arts District. The space features high ceilings throughout and offers flexibility to accommodate multiple users or concepts through potential subdivision. Surrounded by locally owned shops, restaurants, entertainment venues, and cultural destinations, the property benefits from exceptional visibility and a highly walkable setting with convenient access to Downtown Memphis hotels, museums, dining destinations, and major attractions.

400 S Main Street

Space Type
Retail
Lease Rate
Price on request
Total Space
6,500 SF
Lease Type
Modified Gross
Space Type

Retail

Lease Rate

Price on request

Additional Rent

Price on request

Total Space Available

6,500 SF

Divisible Space

6,500 - 6,500 SF

Available Date

Immediate

Lease Type

Modified Gross

Renewal Option

Yes

Sublease

No

400 S Main St
400 S Main St
400 S Main St
400 S Main St
400 S Main St
400 S Main St

Located on the ground floor of The Rambler, an 18-unit boutique hotel, this 6,500-square-foot outdoor pool patio presents a unique hospitality opportunity in the heart of Downtown Memphis’ South Main Arts District. The space offers the potential to operate an outdoor pool patio and cabana concept with bar service and light food offerings for both hotel guests and the public. The opportunity also includes access to event space, with ownership open to either a traditional fixed lease structure or a management agreement. Positioned within one of Memphis’ most vibrant and walkable districts, the property is surrounded by locally owned shops, restaurants, entertainment venues, and cultural destinations, with convenient access to hotels, museums, dining, and attractions throughout Downtown Memphis.

Contacts

broker
James McCraw, CCIM

NAI Saig Company

Building Details

  • For Lease Price on request
  • Property Type Retail - Street Retail
  • Property Size 2,300 SF
  • Units 1
  • Lot Size 0.39 Acre
  • Additional Rent Price on request
  • Building Class A
  • Year Built 1900
  • Date Updated Oct 28, 2026

Location

  • City Memphis, TN
  • Neighborhood Downtown Memphis
  • Zip Code 38103
  • Market Memphis
  • Map
  • Street
  • Walk score 85/100 Very Walkable
  • Transit score 46/100 Some Transit
  • Bike score 74/100 Very Bikeable
Powered by Walk Score ®

Points of Interest

Huling

0.03 miles

Butler

0.12 miles

Huling Avenue

0.20 miles

Central Station

0.22 miles

Dr. Martin Luther King, Jr.

0.25 miles

Beale Street Landing

0.33 miles

Beale Street

0.39 miles

Peabody Place

0.47 miles

Union Avenue

0.57 miles

Exxon

0.68 miles

Mobil

0.79 miles

Valero

1.36 miles

BP

2.44 miles

Kroger

2.58 miles

Citgo

2.59 miles

ChargePoint

9.38 miles

The Lofts at South Bluff Parking

0.29 miles

Beale Street Landing

0.30 miles

FedEx Forum Parking Garage

0.38 miles

AutoZone Store Support Center Parking Garage

0.45 miles

Peabody Place Parking Garage

0.53 miles

Parking Can Be Fun

0.56 miles

Hilton Garden Inn Lot

0.59 miles

One Commerce Square Garage

0.62 miles

Riverside Parking Garage

0.63 miles

First Tennessee Bank Parking Garage

0.70 miles

Peabody Place

0.50 miles

Cordelia's Market

1.79 miles

Viet Hoa Food Market

2.39 miles

Kroger

2.53 miles

Cash Saver

2.89 miles

The Fresh Market

3.85 miles

Superlo Foods

4.46 miles

ALDI

5.97 miles

High Point Terrace Shopping Center

6.82 miles

High Point Grocery

6.82 miles

Listing Summary

  • Property Characteristics

    This retail property is rated Class A based on its characteristics, amenities, and location. Located at 400 S Main St, it was completed in 1900.

  • Retail Space Available

    400 S Main St has a total of 8,800 square feet of retail space for rent. Available lease types include Modified Gross terms.
    This total retail space includes:

    • 2,300 square feet of Street Retail space across 1 space.
    • 1 Retail space, totaling 6,500 square feet.
  • Space Sizes
    • The property houses 2 retail spaces in the 1,000 to 10,000 square feet range, which can serve small or medium-sized retail businesses with growth potential.
  • Area Characteristics

    400 S Main St is located in the Downtown Memphis neighborhood of Memphis. The Downtown Memphis retail market offers 26 retail listings, representing a total of 95,405 square feet of retail space for lease.

    The most common retail type in the Downtown Memphis neighborhood is Whitehaven, of which the market currently offers 54 spaces.

    You can also find 41 Cordova spaces. Additionally, leasing opportunities here include 29 Hickory Hill spaces.

Contact James McCraw, CCIM
broker
James McCraw, CCIM

NAI Saig Company

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