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Office Units With Covered Parking
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1331 Union Ave, Memphis, TN 38104

Flexible office configurations include full-floor availability, secured parking, and signage options for prospective occupants.

Property Size980 SF - 40,000 SF
Days on Market488

Property Features for 1331 Union Ave

General Information

Standard status Active
Size 980 SF - 40,000 SF
Net Rentable 980 SF
Property subtype OFFICE

Space & Availability

Available Space 980-40,000 SF
Contiguous Space 40,000 SF
Space Use Office

Amenities

secured covered parking
building naming rights
electronic billboard
signage
Listing Agency: Avison Young | Memphis
Listed By: Justin Sypult · License #296802
Source: Moodyscre
Added: Apr 1, 2025 Changed: Jul 31 Last Checked: Aug 1 at 9:30AM

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 units are available for lease in configurations ranging from 980 sf to 38,285 sf. The property offers full-floor availability on the ground floor, including a motorcourt, totaling approximately 40,000 sf. Secured covered parking is available, along with building naming rights, electronic billboard availability, and signage options.

Located at 1331 Union Ave in Memphis, the building is near Methodist Hospital, Southern College of Optometry, and the Medical District in Midtown. Nearby shopping and restaurants are available along Union and Madison Avenues, providing convenient access to surrounding services and amenities.

Key Highlights

  • Office space available from 980 sf to 38,285 sf
  • Approximately 40,000 sf of ground‑floor availability, including a motorcourt
  • Secured covered parking available

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

1,498
Businesses Nearby

Demographics for 38104, TN

22,584
Population
14,315
Households
1.6
Avg Household Size
38
Median Age
52%
College-Educated
93%
High-School Grad
5.0 sq mi
ZIP Area
4,517
Density / Sq Mi
$56,452
Median Household Income
$48,300
Median Earnings
$1,073
Median Rent
$301,100
Median Home Value

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
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Flexible office configurations include full-floor availability, secured parking, and signage options for prospective occupants.
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 from 980 sf to 38,285 sf; Approximately 40,000 sf of ground‑floor availability, including a motorcourt; Secured covered parking available
(901) 497-7958 Call to check price and availability
More about this property
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