Fully Leased Retail
2197 Central Avenue, Memphis, TN 38104
For Sale
Contact for pricing
All retail space is occupied in Memphis’s Midtown submarket.
Property Size4,527 SF
Price / SF$485.97
Days on Market15
Property Features for 2197 Central Avenue
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Additional Details
Tenant in Place
Listing Agency:
Cushman & Wakefield | Commercial Advisors LLC - Memphis, Tennessee
Listed By:
Carson Claybrook · License #TN 314998
(901) 252-6483
Source:
Crexi
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 8 at 2:32PM
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 Cushman & Wakefield | Commercial Advisors LLC - Memphis, Tennessee
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,527-square-foot shopping center in Memphis’s Midtown submarket is fully leased, with frontage along Central Avenue. Its established trade area has seen limited new retail construction, while multifamily development is within walking distance.
Key Highlights
- 4,527‑square‑foot shopping center
- Fully leased retail space
- Frontage along Central Avenue
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
892
Businesses Nearby
41k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Shopping centers in Memphis
Vacancy Rate% for Retail in Memphis, TN
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Frequently Asked Questions
What type of property is this?
Shopping center - All retail space is occupied in Memphis’s Midtown submarket.
Where is this shopping center located?
The property is located at 2197 Central Avenue Memphis, TN.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 4,527‑square‑foot shopping center; Fully leased retail space; Frontage along Central Avenue
