Prime Retail Space Near Hospitals

785 Union Ave, Memphis, TN

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For Sale

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Retail space near medical district with high traffic and development.

Type:RETAIL

Property size:

6,122 SF

Lot size:

2.55 Acres

Price / SF:

$963/SF

HighLights

Proximity to major medical facilities with 2,500+ beds and thousands of daytime users.
Over $300M+ in new developments, including mixed‑use apartments, headquarters, and retail spaces.
Easy access to I‑40 and I‑69.
High traffic counts on Union Avenue, I‑40, and I‑69.
Proposed $1B The Walk on Union development.
Located near The Ravine Greenspace.

We can help!

Listing Contact

Sandy Aron

For Sale

Contact for pricing

Retail space near medical district with high traffic and development.

Type:RETAIL

Property size:

6,122 SF

Lot size:

2.55 Acres

Price / SF:

$963/SF

Added:: Dec 24, 2024
Days on Market:: 537
Last Refresh:: May 19 at 8:35 pm

Property Features for 785 Union Ave

General Information

Standard status: Active
Size: 6,122 SF
Lot size: 2.55 Acres
Property subtype: RETAIL

Properties For Sale

at 785 Union Ave Contact us

We can help!

Listing Contact

Sandy Aron

Listing agent Sandy Aron

Listing office Hunington Properties Inc.

Listing date Dec 24, 2024

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Hunington Properties Inc.

HighLights

Proximity to major medical facilities with 2,500+ beds and thousands of daytime users.
Over $300M+ in new developments, including mixed‑use apartments, headquarters, and retail spaces.
Easy access to I‑40 and I‑69.
High traffic counts on Union Avenue, I‑40, and I‑69.
Proposed $1B The Walk on Union development.
Located near The Ravine Greenspace.

Overview

This 6,122 square foot retail space is located in a district anchored by multiple medical facilities, including St. Jude Children's Research Hospital, Le Bonheur Children's Hospital, The University of Tennessee Health Science Center, Memphis VA Medical Center, and Regional One Health. These facilities have a total bed count exceeding 2,500 and attract thousands of daytime users. The location benefits from easy access to I-40 and I-69. The area is experiencing significant development, with over $300 million in new projects. These include the 199-unit Mixed-Use Rise Apartments, the new Orion Federal Credit Union HQ, the 10-acre Orleans Station Mixed-Use Development featuring twelve 3-story luxury apartment buildings and Class A street-level retail, the 105-unit University Lofts, and The Ravine Greenspace. Additionally, there is a proposed $1 billion project called The Walk on Union. Traffic counts in the area are substantial, with Union Avenue seeing 27,970 AADT, I-40 seeing 71,982 AADT, and I-69 seeing 98,353 AADT.

Property Profile Location Intelligence

Current Use by Public Records

Office Depot Tech ... Tech Support Center Office Depot Print ... (Bike/Boat/Book/etc) Store

Suggested Use

Location Insight

Map
Local Demand

City: Memphis
County: Shelby
State: Tennessee
Longitude: -90.0353
Latitude: 35.1381

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For sale
Retail space
TN
Memphis
785 Union Ave

What type of property is this?

Retail space - Retail space near medical district with high traffic and development.

Where is this retail space located?

The property is located at 785 Union Ave Memphis, TN.

What is the asking price?

The asking price for this property is $5,900,000.

What are key features of this property?

This property features: Proximity to major medical facilities with 2,500+ beds and thousands of daytime users.; Over $300M+ in new developments, including mixed‑use apartments, headquarters, and retail spaces.; Easy access to I‑40 and I‑69.

785 Union Ave, Memphis, TN

Retail space near medical district with high traffic and development.

Property Features for 785 Union Ave

General Information

Properties For Sale

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

High-Traffic Commercial Space in Memphis

Flex Industrial Building with Office

Memphis Commercial Property For Sale

East Memphis Multifamily Investment Opportunity

Versatile Commercial Property in Memphis

Mixed-Use Commercial Building in Memphis

Freestanding Retail Redevelopment Building

Gated Townhome Community in Memphis

19-Unit Multifamily Apartment Building

Memphis Commercial Property for Sale

Office Building in Medical District

Well-Maintained Duplex for Sale

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