2714 Union Avenue Ext, Unit Extended Memphis, TN 38112

This fully leased property is primarily occupied by multiple divisions of the City of Memphis. Most tenants have occupied the building for over 10 years. This long-standing relationship with a variety of city departments provides significantly reduced risk of lease rollover or cash flow interruption. The diverse but relatively small tenant mix allows for more manageable renewals, and the tenants’ long tenure suggests potential likelihood of renewal without extensive negotiation. This presents a valuable upside for a new owner, offering both dependable income and the opportunity to enhance value through strategic lease adjustments over time. The property offers central access between the Midtown and East Memphis office submarkets. Its proximity to Poplar Avenue, I-240, and major institutions like the University of Memphis and nearby hospitals makes it attractive to a range of industries, including healthcare, professional services, and education. The location benefits from nearby retail and dining options, enhancing employee convenience and client engagement, while also serving as a cost-effective alternative to higher-priced Class A East Memphis properties. This makes it a versatile site for businesses seeking visibility, access, and talent in a strong Memphis corridor. The property size is 55356 square feet.