Midtown Memphis Office Space
1407 Union Ave, Memphis, TN 38104
For Lease
Contact for pricing
Impressive 16-story office building in Memphis' medical district for lease.
Space Size10,959 SF
Days on Market913
Property Features for 1407 Union Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Spaces For Lease
at 1407 Union Ave
1407 Union Ave
AVAILABLE, Now
Size
10,959 SF
Type
OFFICE
Rate
Contact for pricing
Sublease
No
- This impressive 16-story multi-tenant office building in Memphis, Tennessee, strategically located within the esteemed medical district, is now available for lease. Boasting 214,586 rentable square feet, this Midtown property is optimally positioned to accommodate diverse tenancy demands. Featuring various suite sizes and turn-key readiness, this location offers exceptional visibility and access, conveniently situated between Midtown and the Medical District. With quick and easy access to I-240 and located just blocks away from Memphis Methodist Hospital, this space presents an excellent opportunity for businesses seeking a strategic presence.
Contact us
Listing Agency:
NAI Saig Company - Memphis
(901) 526-3100
Listed By:
Reynolds Willis · License TN #362806
(901) 201-9323
Source:
Moodyscre
Added: May 16, 2024
Changed: Nov 10
Last Checked: Nov 1 at 9:34AM
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 NAI Saig Company - Memphis
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Investment Insights
Based on property information with market context.
An impressive 16-story multi-tenant office building is available for lease in Memphis, Tennessee. The property is strategically located within the medical district in Midtown. The building features 214,586 rentable square feet. Spaces ranging from 1,447 to 11,176 square feet are available. The location offers exceptional visibility and access, conveniently situated between Midtown and the Medical District. It is optimally positioned to accommodate diverse tenancy demands, featuring various suite sizes and turn-key readiness. The property provides quick and easy access to I-240 and is located just blocks away from Memphis Methodist Hospital. This space presents an excellent opportunity for businesses seeking a strategic presence.
Key Highlights
- Strategic location within the esteemed medical district of Memphis, Tennessee.
- Suites are turn‑key ready.
- Quick and easy access to I‑240.
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,645
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Memphis, TN
$21.17 /SF/Yr
Avg Asking Price
$16.5–$24 /SF/Yr
Price Range
19,187 SF
Avg Space Size
Properties on Market for Office buildings in Memphis
Vacancy Rate% for Office in Memphis, TN
Frequently Asked Questions
What type of property is this?
Office building - Impressive 16-story office building in Memphis' medical district for lease.
Where is this office building located?
The property is located at 1407 Union Ave Memphis, TN.
What are key features of this property?
This property features: Strategic location within the esteemed medical district of Memphis, Tennessee.; Suites are turn‑key ready.; Quick and easy access to I‑240.
