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Restaurant/Retail Space Near University
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521 S Highland St, Memphis, TN

Restaurant and retail opportunity near the University of Memphis.

Space Size1,200 SF - 2,309 SF
Lot Size0.21 Acres
Days on Market641

Property Features for 521 S Highland St

General Information

Standard status Active
Size 1,200 SF - 2,309 SF
Lot size 0.21 Acres
Property subtype RETAIL

Spaces For Lease

at 521 S Highland St Contact us

Highland Row

Floor
1
Size
1,200 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Ideal restaurant and retail opportunity uniquely situated a short walk from the...
show more
Contact us

Highland Row

Floor
1
Size
2,309 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Ideal restaurant and retail opportunity uniquely situated a short walk from the...
show more
Contact us
Listing Agency: Jones Aur Commercial Real Estate | Memphis
Listed By: Grady Cotham
Source: Moodyscre
Added: Nov 14, 2024 Changed: Aug 8 Last Checked: Aug 16 at 4:12AM

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 property presents an ideal restaurant and retail opportunity, uniquely situated a short walk from the University of Memphis on Highland, as part of the Highland Strip entertainment area. The nearby University of Memphis boasts a student population exceeding 21,000. The surrounding area is experiencing new development expected to exceed $200 million, including 5 capital projects by the University. The location benefits from street parking, along with abundant surface parking available in the rear. Traffic counts indicate significant vehicular presence, with Highland Street recording 19,005 AADT, Central Avenue at 19,885 AADT, and Poplar Avenue registering 16,261 AADT. The property offers 2,309 square feet of space suitable for restaurant or retail use.

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 21,000+ students.

Property Analytics

Current Use

Garrick Green: Allstate ... Insurance Agency Subarashi INC Cafe & Coffee Shop SUBARASHI Cafe & Coffee Shop Ubee's Restaurant Allstate Insurance Agent: ... Insurance Agency

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.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

173
Businesses Nearby
7k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
MAPCO Mart Shops & Services
6,972 visits/mo 0.5 miles

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
Questions? Ask Rey
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Similar Off Market Nearby

  • Edesia Food Truck & Catering 460 S Highland St, Memphis, TN 38111
  • Grandma's Desserts Etc 3108 Park Ave, Memphis, TN 38111
  • Anointed Hands Soulfood Kitchen 863 Semmes St, Memphis, TN 38111
  • Tacos Mondragon Summer Ave, Memphis, TN 38122

Frequently Asked Questions

What type of property is this?
Restaurant - Restaurant and retail opportunity near the University of Memphis.
Where is this restaurant located?
The property is located at 521 S Highland St 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 21,000+ students.
(901) 871-3940 Call to check price and availability
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