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Central Exchange Shopping Center
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2151 Central Ave, Memphis, TN 38104

The property includes four named tenants and a Bank of America ATM.

Property Size17,300 SF
Lot Size0.87 Acres
Days on Market142

Property Features for 2151 Central Ave

General Information

Standard status Active
Size 17,300 SF
Lot size 0.87 Acres
Property subtype Retail

Additional Details

Anchor Co-Tenants Urban Outfitters, Pavo Salon, No Comment, LLC, Bank of America

Amenities

Bank of America ATM

Building Details

Tenancy Multi
Listing Agency: NAI Saig Company Memphis
Listed By: Brian Califf · License #TN 299669
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 4:26PM

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

Investment Insights

Based on property information with market context.

Central Exchange Shopping Center is a 17,300-square-foot retail property on .87 acres at 2151 Central Ave. The center is identified with four tenants: Urban Outfitters, Pavo Salon, No Comment, LLC, and Bank of America. A Bank of America ATM is also located at the property.

The asset is positioned in the Midtown Memphis submarket. Nearby businesses identified in the surrounding area include Memphis Made Brewing Co, Aldo’s Pizza Pies, Railgarten, and Central Auto Repair, providing a retail and service-oriented commercial setting along Central Avenue.

Key Highlights

  • 17,300‑square‑foot retail shopping center
  • Situated on .87 Acres at 2151 Central Ave, Memphis, TN 38104
  • Four named tenants: Urban Outfitters, Pavo Salon, No Comment, LLC, and Bank of America

Property Analytics

Current Use

Urban Outfitters Clothing Store

Suggested Use

Top Pick Building Supply Dental Office Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Auto Parts 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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

892
Businesses Nearby
41k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 44% Dining 39% Apparel 17%
Hattie B's Hot Chicken Dining
16,177 visits/mo 0.3 miles
MAPCO Mart Shops & Services
12,029 visits/mo 0.1 miles
Urban Outfitters Apparel
6,847 visits/mo 0.1 miles
Marathon Petroleum Shops & Services
6,004 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

6.5% 2019
6.9% 2020
6.3% 2021
4.9% 2022
5% 2023
5.2% 2024
6.8% 2025
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Frequently Asked Questions

What type of property is this?
Shopping center - The property includes four named tenants and a Bank of America ATM.
Where is this shopping center located?
The property is located at 2151 Central Ave Memphis, TN.
What are key features of this property?
This property features: 17,300‑square‑foot retail shopping center; Situated on .87 Acres at 2151 Central Ave, Memphis, TN 38104; Four named tenants: Urban Outfitters, Pavo Salon, No Comment, LLC, and Bank of America
(901) 526-3100 Call to check price and availability
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