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Retail Space with Storage
For Sale
$325,000

551 E Union St, Gleason, TN 38229

Commercial Sale, Gleason, TN

Property Size1,960 SF
Lot Size0.20 Acres
Price / SF$165.82
Days on Market100

Property Features for 551 E Union St

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Neighborhood Business B-1
Parking 16
Elementary school district Weakley County
Directions From the intersection of Hwy 22 and 190, in Gleason, go south on Hwy 190, towards Downtown Gleason. Property will be on the left.
Standard status Active
APN 127 030.24
Size 1,960 SF
Lot size 0.20 Acres

Taxes and HOA fees

Tax Annual Amount 924

Utilities

Sewer type Public Sewer
Heating system Central
Cooling system Central Air
Water source Public

Amenities

retail showroom
work area
storage space
break room

Building Details

Year built 1998
Floors in Building 1
Flooring type Vinyl, Concrete
Building materials Brick, Vinyl Siding
Roof type Metal
Listing Agency: Wendell Alexander Realty
Listed By: Laura Woodruff · License #253468
Added: Jun 15 Changed: Sep 12 Last Checked: Sep 22 at 8:06AM
MLS# 2602824

Copyright © 2026 Central West Tennessee Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1,960-square-foot retail property at 551 E Union St includes a customer-facing showroom, dedicated work area, storage, and a break room that can function as office space. The building was constructed in 1998 with brick and vinyl siding, concrete and vinyl flooring, central heating and cooling, a metal roof, and public water and sewer. The property occupies 0.2 acres.

The sale includes the operating Gleason Flower Market & Gifts business, fixtures, inventory, a delivery van, and two storage units holding additional décor and inventory. Located just off Hwy 22 in Gleason, the property offers access from E Union Street and is 10 minutes from Dresden and McKenzie.

Key Highlights

  • 1,960‑square‑foot retail building on 0.2 acres
  • Showroom, dedicated work area, storage, and break room
  • Sale includes operating business, fixtures, inventory, and delivery van

Property Analytics

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Current Use

Gleason Flower Market ... (Bike/Boat/Book/etc) Store Worms Sporting Goods (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Big Box & Wholesale Store HVAC Service Auto Parts Store Electrical Service Hair Salon Furniture & Home Goods

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

Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

35
Businesses Nearby

Demographics for 38229, TN

2,738
Population
1,248
Households
2.2
Avg Household Size
43
Median Age
19%
College-Educated
83%
High-School Grad
60.9 sq mi
ZIP Area
45
Density / Sq Mi
$56,161
Median Household Income
$35,156
Median Earnings
$641
Median Rent
$144,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Brick commercial building with showroom, work area, break room, public utilities, and included operating business assets.
Where is this retail space located?
The property is located at 551 E Union St Gleason, TN.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,960‑square‑foot retail building on 0.2 acres; Showroom, dedicated work area, storage, and break room; Sale includes operating business, fixtures, inventory, and delivery van
More about this property
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