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    1568 Union Ave Memphis, TN 38104

    For Lease
    Contact for pricing

    3,359 SF restaurant with drive-thru on 0.625 acres.

    Property size:
    3,359 SF
    Lot size:
    0.33 Acres

    Property Features for 1568 Union Ave

    General Information

    Size
    3,359 SF
    Lot size
    0.33 Acres

    Source: The Shopping Center Group | Metro DC Agent Hurston Reed

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

    Overview

    Restaurant with Drive-Thru For Lease

    This 3,359 square foot restaurant with a drive-thru is available for lease on a 0.625 acre parcel. The property benefits from access to both Union Avenue and Monroe Avenue. Union Avenue, a heavily traveled east-west thoroughfare, connects Midtown to Downtown Memphis. The location is near Methodist University Hospital and approximately four minutes from the Memphis Medical District. The traffic count on Union Avenue is 23,620 AADT.
    Insight Report Location Intelligence

    Current Use by Public Records

    Farris Evans Insurance ... Insurance Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0093041
    Latitude
    35.1363231

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    FAQs

    What type of property is this?
    Drive through restaurant - 3,359 SF restaurant with drive-thru on 0.625 acres.
    Where is this drive through restaurant located?
    The property is located at 1568 Union Ave Memphis, TN.
    What are key features of this property?
    This property features: - 3,359 SF restaurant with drive-thru available for lease.; - High traffic location on Union Ave (23,620 AADT).; - Dual access from Union Ave and Monroe Ave.
    (703) 893-5141
    Request Owner's contact information
    1568 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
    1568 Union Ave Memphis, TN 38104
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