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122 S Main St
Memphis, TN 38103
Former Jolly Royal Furniture · Retail Property For Sale

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INVESTMENT HIGHLIGHTS

  • Building Size: 52,684 SF freestanding structure
  • Redevelopment potential: Boutique hotel, office, retail, or multi-family
  • Features: Retail space on ground floor Two additional floors Underground parking garage

EXECUTIVE SUMMARY

This prime property at 122 S Main Street in Downtown Memphis presents a unique redevelopment opportunity for boutique hotel, office, retail, or multi-family use. Its strategic location is just steps from AutoZone Headquarters and Beale Street, a major entertainment district attracting over 4 million tourists annually. With strong surrounding demographics and proximity to key employers and attractions, this site offers exceptional potential for adaptive reuse in one of Memphis’ most dynamic areas.

PROPERTY FACTS

Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
70,400 SF
Building Class
C
Year Built
1948
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
10’
Building FAR
3.89
Lot Size
0.41 AC
Zoning
CBD
Frontage
149’ on Gayoso Ave

AMENITIES

  • Banking
  • Bus Line
  • Commuter Rail
  • Restaurant
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00-2049-0-0001
Land Assessment
$314,920
Improvements Assessment
$1,020,960
Total Assessment
$1,335,880
  • Listing ID: 38242013

  • Date on Market: 10/28/2025

  • Last Updated:

  • Address: 122 S Main St, Memphis, TN 38103

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