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Downtown Office Building
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88 Union Ave, Memphis, TN 38103

For-rent downtown office space with convenient parking and an on-site fitness center with sauna.

Property Size6,452 SF
Days on Market603

Property Features for 88 Union Ave

General Information

Standard status Active
Size 6,452 SF
Net Rentable 86,205 SF
Property subtype OFFICE

Space & Availability

Available Space 86,205 SF
Space Use Office

Amenities

Fitness Center
Sauna
Listing Agency: Belz Enterprises
Listed By: Patrick Reilly
Source: Moodyscre
Added: Dec 6, 2024 Changed: Jul 29 Last Checked: Aug 1 at 7:22AM

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 Belz Enterprises

Investment Insights

Based on property information with market context.

For-rent downtown office building at 88 Union Ave in Memphis. The space is described as downtown office space and includes convenient parking for tenants and visitors.

On-site amenities include a fitness center and a sauna, supporting tenant wellness and day-to-day convenience. The property is also positioned close to area attractions, restaurants, and hotels, which can be practical for workplace access and client visits.

Overall, this is an office-focused offering centered on downtown access, parking convenience, and on-site wellness amenities.

Key Highlights

  • For‑rent downtown office space
  • Convenient parking for tenants and visitors
  • On‑site fitness center and sauna

Property Analytics

Current Use

Cowlar Food Processing Plant Hera Health Solutions Corporate Office Regions Mortgage Loan Service Western Union Bank Start Co. Business Service Center

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Furniture & Home Goods Veterinary Clinic Pet Grooming Service Tanning Salon Carpet & Flooring Store

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

3,542
Businesses Nearby

Demographics for 38103, TN

14,739
Population
8,811
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
95%
High-School Grad
2.7 sq mi
ZIP Area
5,459
Density / Sq Mi
$75,763
Median Household Income
$60,918
Median Earnings
$1,575
Median Rent
$380,900
Median Home Value

Market

Lease Benchmarks for Memphis, TN

$17.95 /SF/Yr
Avg Asking Price
$0.7–$26 /SF/Yr
Price Range
30,262 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 building - For-rent downtown office space with convenient parking and an on-site fitness center with sauna.
Where is this office building located?
The property is located at 88 Union Ave Memphis, TN.
What are key features of this property?
This property features: For‑rent downtown office space; Convenient parking for tenants and visitors; On‑site fitness center and sauna
(901) 260-1054 Call to check price and availability
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