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Union Avenue Landmark Office Space
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1331 Union Ave, Memphis, TN

Office spaces in landmark building, ideal for medical users.

Property Size14,983 SF
Lot Size1.12 Acres
Days on Market488

Property Features for 1331 Union Ave

General Information

Standard status Active
Size 14,983 SF
Lot size 1.12 Acres
Property subtype OFFICE
Listing Agency: Avison Young | Memphis
Listed By: Justin Sypult · License #296802
Source: Moodyscre
Added: Apr 1, 2025 Changed: Jul 6 Last Checked: Jul 21 at 6:34AM

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 Avison Young | Memphis

Investment Insights

Based on property information with market context.

Office spaces are available in a landmark building on Union Avenue, ranging from 980 square feet to 38,285 square feet. A full floor is available on the ground floor, including a motorcourt, offering approximately 40,000 square feet. Secured covered parking is available. The building offers naming rights, electronic billboard availability, and signage opportunities. The location is ideal for medical users due to its proximity to Methodist Hospital, Southern College of Optometry, and the Medical District in Midtown. The property provides excellent access to nearby shopping and restaurants on Union and Madison Avenues. The property size is 14,983 square feet.

Key Highlights

  • Office space available, ranging from 980 sf to 38,285 sf, in a landmark building on Union Avenue.
  • Ideal location for medical professionals, close to Methodist Hospital, Southern College of Optometry, and the Medical District.
  • Full ground floor availability, including motorcourt, approximately 40,000 sf.**

Property Analytics

Current Use

Aletheia Productions Film Production Edison Electricians of Memphis Electrical Service Al-Anon & Al-Ateen Social Service Agency Attorney Precious Coleman Law Firm Design Pro Web ... Data Center

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Real Estate Agency Auto Parts Store Storage Facility HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,045
Businesses Nearby

Market

Lease Benchmarks for Memphis, TN

$13.66 /SF/Yr
Avg Asking Price
$4.19–$23 /SF/Yr
Price Range
26,362 SF
Avg Space Size

Vacancy Rate% for Office in Memphis, TN

14.6% 2019
15% 2020
16.8% 2021
16.2% 2022
17.3% 2023
16.7% 2024
17.6% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Office spaces in landmark building, ideal for medical users.
Where is this office units located?
The property is located at 1331 Union Ave Memphis, TN.
What are key features of this property?
This property features: Office space available, ranging from 980 sf to 38,285 sf, in a landmark building on Union Avenue.; Ideal location for medical professionals, close to Methodist Hospital, Southern College of Optometry, and the Medical District.; Full ground floor availability, including motorcourt, approximately 40,000 sf.**
(901) 497-7958 Call to check price and availability
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