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Highland Strip Retail Opportunity
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521-529 S Highland Street, Memphis, TN 38111

Retail and restaurant space near the University of Memphis.

Property Size17,940 SF
Days on Market159

Property Features for 521-529 S Highland Street

General Information

Standard status Active
Size 17,940 SF
Property subtype Retail

Building Details

Building Size 17,940 SF

Properties For Sale

at 521-529 S Highland Street Contact us

521 - 102

Size
1,200 SF
Type
Strip Center
Term
Negotiable
Contact us

521 - 103

Size
2,309 SF
Type
Strip Center
Term
Negotiable
Contact us
Listing Agency: Jones Aur Commercial Real Estate | Memphis
Listed By: Grady Cotham
Source: Jonesaur
Added: Mar 5 Changed: Aug 8 Last Checked: Aug 11 at 6:48AM

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 Jones Aur Commercial Real Estate | Memphis

Investment Insights

Based on property information with market context.

This retail and restaurant opportunity is located on Highland Street, a short walk from the University of Memphis, as part of the Highland Strip entertainment area. The University of Memphis has over 21,000 students. The area has new development planned to exceed $200 million, including 5 capital projects by the University. Traffic counts are: Highland St (19,005 AADT), Central Avenue (19,885 AADT), and Poplar Avenue (16,261 AADT). The property features street parking and abundant surface parking in the rear.

Key Highlights

  • Prime location within the Highland Strip entertainment area, near the University of Memphis.
  • High traffic counts on Highland St (19,005 AADT), Central Avenue (19,885 AADT).
  • Proximity to the University of Memphis with a student population of 21,000+.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Kitchen & Bath Showroom Building Supply Garden Center Plumbing Service Real Estate Agency (Bike/Boat/Book/etc) 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.

Location Intelligence

Trade Area within ½ mile

771
Businesses Nearby
297k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 36% Dining 29% Groceries 23% Apparel 8%
Kroger Groceries
68,437 visits/mo 0.3 miles
Dollar Tree Shops & Services
27,532 visits/mo 0.2 miles
Kroger Fuel Center Shops & Services
24,375 visits/mo 0.3 miles
Starbucks Dining
15,912 visits/mo 0.3 miles
Petco Shops & Services
14,472 visits/mo 0.1 miles

Demographics for 38111, TN

40,533
Population
20,084
Households
2
Avg Household Size
34
Median Age
38%
College-Educated
89%
High-School Grad
9.8 sq mi
ZIP Area
4,136
Density / Sq Mi
$52,806
Median Household Income
$33,449
Median Earnings
$1,077
Median Rent
$165,200
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
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail and restaurant space near the University of Memphis.
Where is this retail space located?
The property is located at 521-529 S Highland Street Memphis, TN.
What are key features of this property?
This property features: Prime location within the Highland Strip entertainment area, near the University of Memphis.; High traffic counts on Highland St (19,005 AADT), Central Avenue (19,885 AADT).; Proximity to the University of Memphis with a student population of 21,000+.
More about this property
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