156 Beale St leasehold

Memphis, TN 38103

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The Offering

Leasehold interest in a very rare historic Beale Street property!

Asking Price $125,000

Perfect for a short-term rental or home on one of the most iconic streets in America. 3 blocks of nightclubs, restaurants, and shops in the heart of downtown Memphis - home of the blues, jazz, rock, R&B, and gospel! This National Historic Landmark district is one of the coolest places in Memphis, Tennessee.

The unit is 1 bedroom, 1.5 baths and is being sold completely furnished.

Monthly rent + CAM = $2,371.62

Current lease expires December 31, 2027 and can be extended another 7 years.

The seller has been utilizing it as a short-term rental, and assignment of lease has updated language for short-term rental/commercial. More information is available in the Document Portal.