2714 Union Avenue Ext, Unit Extended Memphis, TN 38112
Long-term tenants, primarily City of Memphis divisions, offer stable income.
Property size:
55,356 SFProperty Features for 2714 Union Avenue Ext
General Information
- Size
- 55,356 SF
Source:
Naiglobal
Listing Agent: Hank Martin, Sior
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Fully Leased Memphis Office Building
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.974253
- Latitude
- 35.136324
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FAQs
What type of property is this?
Office building - Long-term tenants, primarily City of Memphis divisions, offer stable income.
Where is this office building located?
The property is located at 2714 Union Avenue Ext, Unit Extended Memphis, TN.
What are key features of this property?
This property features: - Fully leased with long-term tenants, primarily City of Memphis divisions, reducing risk of vacancy.; - Central location between Midtown and East Memphis, providing easy access to major routes and institutions.; - Diverse tenant mix allows for manageable lease renewals and potential for income growth.