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    421 Monroe Ave Memphis, TN 38103

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    For Lease
    Contact for pricing

    High-profile retail space in Memphis' transitioning Edge District.

    Property size:
    955 SF
    Lot size:
    0.58 Acres

    Property Features for 421 Monroe Ave

    General Information

    Size
    955 SF
    Lot size
    0.58 Acres

    Source: Jones Aur Commercial Real Estate | Memphis Agent Dustin Jones

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

    Overview

    Edge District Retail Redevelopment Opportunity

    The Memphis Cycle & Supply Co. Building presents a redevelopment opportunity in the Edge District. This 955 square foot property is situated within Memphis' primary medical district, near St. Jude Children's Research Hospital, Lebonheur Children's Hospital, The University of Tennessee Health Science Center, Memphis VA Medical Center, and Regional One Health, which collectively have over 2,500 beds. The property is eligible for Memphis Medical District grants and incentives. The surrounding area is experiencing substantial development, with over $300 million in new projects, including the 199-unit Rise Apartments, Orion Federal Credit Union's new headquarters, the 10-acre Orleans Station mixed-use development featuring 12 three-story luxury apartment buildings and street-level retail, The Ravine greenspace, and the proposed $1 billion The Walk on Union. The location is near Sun Studio, Edge Motor Museum, Autozone Park, High Cotton Brewery, Memphis Made Brewery, Slim and Husky's, Sunrise Memphis, and Edge Alley.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0428821
    Latitude
    35.141291

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    FAQs

    What type of property is this?
    Retail space - High-profile retail space in Memphis' transitioning Edge District.
    Where is this retail space located?
    The property is located at 421 Monroe Ave Memphis, TN.
    What are key features of this property?
    This property features: - High-profile redevelopment project in the upwardly transitioning Edge District.; - Located in Memphis' primary medical district with over 2,500 hospital beds.; - Eligible for Memphis Medical District grants and incentives.
    (901) 581-5049
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    421 Monroe Ave Memphis, TN 38103
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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
    421 Monroe Ave Memphis, TN 38103
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