Freestanding Retail Redevelopment
For Sale
$525,000
2029 Union Avenue, Memphis, TN 38104
Freestanding retail building with redevelopment zoning and strong Union Ave traffic exposure near major Memphis entertainment and retailers.
Property Size7,094 SF
Lot Size0.26 Acres
Price / SF$74.01
Days on Market93
Property Features for 2029 Union Avenue
General Information
Standard status
Active
Size
7,094 SF
Lot size
0.26 Acres
Property subtype
Single Tenant or Freestanding Building
Zoning
CMU-3
Additional Details
Traffic Count
26,054 vehicles/day
Listing Agency:
TSCG The Shopping Center Group Memphis
(901) 334-5703
Listed By:
Robert Sloan · License #297139
Source:
Theshoppingcentergroup
Added: Jun 2
Changed: Aug 10
Last Checked: Sep 1 at 3:06PM
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 TSCG The Shopping Center Group Memphis
Investment Insights
Based on property information with market context.
This freestanding building offers 7,094 SF on a 0.263-acre parcel, presenting a straightforward option for retail or showroom users. The property is being offered for sale with redevelopment potential and is zoned CMU-3, making it an appealing consideration for investors and operators looking for flexibility.
Situated on Union Avenue in Memphis, the asset benefits from high visibility with recorded traffic count of 26,054 AADT along Union Ave. It is also within minutes of local entertainment venues including Overton Square, Playhouse on the Square, Circuit Playhouse, and Hattiloo Theatre, supporting a retail-oriented environment.
The tenant and shopper mix in the surrounding area includes well-known retailers and dining options such as Home Depot, Kroger, The Fresh Market, Malco Theater, CVS Pharmacy, Chipotle, Panera Bread, IHOP, Outback Steakhouse, Zaxby’s, Chick-fil-A, Five Guys, and others. For buyers, the CMU-3 zoning combined with redevelopment potential and a prominent retail frontage make the property a practical fit for retail concepts, showroom operations, or redevelopment-focused strategies.
Situated on Union Avenue in Memphis, the asset benefits from high visibility with recorded traffic count of 26,054 AADT along Union Ave. It is also within minutes of local entertainment venues including Overton Square, Playhouse on the Square, Circuit Playhouse, and Hattiloo Theatre, supporting a retail-oriented environment.
The tenant and shopper mix in the surrounding area includes well-known retailers and dining options such as Home Depot, Kroger, The Fresh Market, Malco Theater, CVS Pharmacy, Chipotle, Panera Bread, IHOP, Outback Steakhouse, Zaxby’s, Chick-fil-A, Five Guys, and others. For buyers, the CMU-3 zoning combined with redevelopment potential and a prominent retail frontage make the property a practical fit for retail concepts, showroom operations, or redevelopment-focused strategies.
Key Highlights
- 7,094 SF freestanding retail building on a 0.263‑acre parcel
- Zoned CMU‑3 with redevelopment potential
- Located on Union Ave with 26,054 AADT traffic count
Property Analytics
Property Profile
Current Use
Lease Details
26,054 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,053
Businesses Nearby
44k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 42%
SONIC Drive In
Dining
21,160 visits/mo
0.4 miles
Bank of America
Shops & Services
8,157 visits/mo
0.1 miles
XFINITY Store by Comcast
Shops & Services
7,353 visits/mo
0.4 miles
Lenny's Sub Shop
Dining
4,405 visits/mo
0.4 miles
Jiffy Lube
Shops & Services
1,231 visits/mo
0.5 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
Vacancy Rate% for Retail in Memphis, TN
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Frequently Asked Questions
What type of property is this?
Showroom - Freestanding retail building with redevelopment zoning and strong Union Ave traffic exposure near major Memphis entertainment and retailers.
Where is this showroom located?
The property is located at 2029 Union Avenue Memphis, TN.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 7,094 SF freestanding retail building on a 0.263‑acre parcel; Zoned CMU‑3 with redevelopment potential; Located on Union Ave with 26,054 AADT traffic count
