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    1495-1511 Union Ave Memphis, TN 38104

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    For Sale
    $1,650,000

    Retail property in Memphis Medical District with high visibility.

    Property size:
    63,804 SF
    Lot size:
    0.99 Acres

    Property Features for 1495-1511 Union Ave

    General Information

    Size
    63,804 SF
    Lot size
    0.99 Acres

    Source: Woodyard Realty Corporation Agent Lea K. Heilig

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

    Overview

    Memphis Medical District Retail Property

    This retail property is situated in a prominent location within the Memphis Medical District, offering high visibility along the high-traffic Union Avenue corridor. The property benefits from convenient access to area amenities. According to the available data, there is zero new supply pipeline in the immediate submarket.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Blacksprings Farm, Floriststory, Pugh's Flowers, Kroger Floral

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0116589
    Latitude
    35.1361023

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    FAQs

    What type of property is this?
    Storefront property - Retail property in Memphis Medical District with high visibility.
    Where is this storefront property located?
    The property is located at 1495-1511 Union Ave Memphis, TN.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: - Prominent location in Memphis Medical District; - Great visibility on high-traffic Union Avenue Corridor; - Convenient access to area amenities
    (901) 239-3913
    Request Owner's contact information
    1495-1511 Union Ave Memphis, TN 38104
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    Memphis, TN 38104
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1495-1511 Union Ave Memphis, TN 38104
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