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Storefront Retail Property with Business
For Sale
$325,000

551 E Union St, Gleason, TN 38229

COMMERCIAL/INDUSTRIAL, Gleason, TN

Property SizeContact for details
Lot Size0.20 Acres
Days on Market136

Property Features for 551 E Union St

General Information

Property type Residential
Property subtype Retail
Lot features In City Limits, General Business District
Elementary school district Gleason
Middle school district Gleason
High school district Gleason
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.
Subdivision 012 GLEASON
Standard status Active
Lot size 0.20 Acres

Utilities

Heating system Central, Electric (Heating)
Cooling system Central Air, Electric

Building Details

Year built 1998
Flooring type Concrete, Vinyl
Roof type Metal
Listing Agency: WENDELL ALEXANDER REALTY
Listed By: LAURA WOODRUFF
Added: Jun 15 Changed: Oct 22 Last Checked: Oct 28 at 3:06AM
MLS# 46459

Copyright © 2026 Reelfoot Regional 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.

Rey
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Investment Insights

Based on property information with market context.

This storefront retail property at 551 E Union St in Gleason includes a showroom, a dedicated work area, storage, and a break room that can serve as office space. The 1998 building has concrete and vinyl flooring, a metal roof, central heating, and central air conditioning. The existing flower and gift business is part of the sale, along with its fixtures, inventory, delivery van, and two storage units holding additional decor and inventory.

Key Highlights

  • Sale includes the operating flower and gift business, fixtures, inventory, and delivery van
  • Retail showroom, dedicated work area, storage, and break room
  • Two storage units with additional decor and inventory

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

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

Suggested Use

Top Pick Building Supply HVAC Service Electrical Service Furniture & Home Goods (Bike/Boat/Book/etc) Store Big Box & Wholesale 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

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

36
Businesses Nearby
Well-served
Demand for This Use

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
View Realmo Analytics

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

Similar Off Market Nearby

  • Blossoms N Blooms — 555 E Union St, Gleason, TN 38229

Frequently Asked Questions

What type of property is this?
Storefront property - The sale includes the operating flower and gift business, its fixtures, inventory, and delivery van.
Where is this storefront property 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: Sale includes the operating flower and gift business, fixtures, inventory, and delivery van; Retail showroom, dedicated work area, storage, and break room; Two storage units with additional decor and inventory
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