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    521 S Highland St Memphis, TN 38111

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    For Lease
    Contact for pricing

    Restaurant and retail opportunity near the University of Memphis.

    Property size:
    2,309 SF
    Lot size:
    0.21 Acres

    Property Features for 521 S Highland St

    General Information

    Size
    2,309 SF
    Lot size
    0.21 Acres

    Source: Jones Aur Commercial Real Estate | Memphis Agent Grady Cotham

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

    Overview

    Restaurant/Retail Space Near University

    This property presents an ideal restaurant and retail opportunity, uniquely situated a short walk from the University of Memphis on Highland, as part of the Highland Strip entertainment area. The nearby University of Memphis boasts a student population exceeding 21,000. The surrounding area is experiencing new development expected to exceed $200 million, including 5 capital projects by the University. The location benefits from street parking, along with abundant surface parking available in the rear. Traffic counts indicate significant vehicular presence, with Highland Street recording 19,005 AADT, Central Avenue at 19,885 AADT, and Poplar Avenue registering 16,261 AADT. The property offers 2,309 square feet of space suitable for restaurant or retail use.
    Insight Report Location Intelligence

    Current Use by Public Records

    Garrick Green: Allstate ... Insurance Agency Subarashi INC Bubble Tea Store SUBARASHI Bubble Tea Store Ubee's Chicken Wings Restaurant Allstate Insurance Agent: ... Insurance Agency

    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

    Edesia Food Truck & Catering, Tacos Mondragon

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9459064
    Latitude
    35.11736

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    FAQs

    What type of property is this?
    Restaurant - Restaurant and retail opportunity near the University of Memphis.
    Where is this restaurant located?
    The property is located at 521 S Highland St Memphis, TN.
    What are key features of this property?
    This property features: - Prime location within the Highland Strip entertainment area, near the University of Memphis.; - High traffic counts on Highland St (19,005 AADT), Central Avenue (19,885 AADT).; - Proximity to the University of Memphis with 21,000+ students.
    (901) 871-3940
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    521 S Highland St Memphis, TN 38111
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    Memphis, TN 38111
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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
    521 S Highland St Memphis, TN 38111
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