Prime Retail Space on
For Lease
Contact for pricing
1993 Union Ave, Memphis, TN 38104
High-visibility retail space in vibrant Memphis location near Overton Square.
Space Size2,653 SF
Days on Market112
Property Features for 1993 Union Ave
General Information
Standard status
Active
Size
2,653 SF
Total Parking Spaces
24
Property subtype
Retail
Building Details
Tenancy
Multiple
Spaces For Lease
at 1993 Union Ave Contact us- Size
- 2,653 SF
- Type
- Retail
- Lease Type
- NNN
- Availability
- Active
1993
Listing Agency:
HCI Realty LLC
Listed By:
Josh Holcombe · License #MS 21023
Source:
Crexi
Added: May 12
Changed: Aug 28
Last Checked: Aug 29 at 11:31PM
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 HCI Realty LLC
Investment Insights
Based on property information with market context.
Located at 1993 Union Ave in Memphis, TN, the Union Avenue End Cap offers 2,653 square feet of retail space. This property benefits from high visibility along a busy street, attracting both pedestrian and vehicle traffic. Situated near Overton Square, an entertainment district with shops, restaurants, and nightlife, the location benefits from daytime and evening customers. As part of an established retail center, the property benefits from the presence of national tenants, which contributes to the credibility and traffic flow of the space. The location on Union Avenue provides marketing visibility. This space is suitable for various business uses, offering versatility in a sought-after area. The property's location, tenant mix, and exposure make it an option for retail or office ventures, with potential for business growth. Improvements and a tenant improvement allowance are available, subject to financial review and landlord approval. The tenant improvement allowance is up to $25.00 per square foot, or $66,000, for restroom installation and permanent improvements.
Key Highlights
- Prime retail space with 2,653 square feet on Union Avenue.
- High visibility location with significant foot and vehicle traffic.
- Located near Overton Square, a vibrant entertainment district.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,498
Businesses Nearby
321k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Groceries 29%
Shops & Services 13%
Apparel 2%
Kroger
Groceries
70,178 visits/mo
0.4 miles
Chick-fil-A
Dining
55,414 visits/mo
0.0 miles
McDonald's
Dining
25,061 visits/mo
0.2 miles
The Fresh Market
Groceries
23,172 visits/mo
0.4 miles
Starbucks
Dining
14,400 visits/mo
0.2 miles
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
$14.87 /SF/Yr
Avg Asking Price
$8.33–$20.8 /SF/Yr
Price Range
10,425 SF
Avg Space Size
Vacancy Rate% for Retail in Memphis, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - High-visibility retail space in vibrant Memphis location near Overton Square.
Where is this retail space located?
The property is located at 1993 Union Ave Memphis, TN.
What are key features of this property?
This property features: Prime retail space with 2,653 square feet on Union Avenue.; High visibility location with significant foot and vehicle traffic.; Located near Overton Square, a vibrant entertainment district.
