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Downtown Storefront Near Major Destinations
New
For Lease
$2,300/Mo

70 UNION Ave, Memphis, TN 38103

Rental Properties, Memphis, TN

Space SizeContact for details
Days on Market6

Property Features for 70 UNION Ave

General Information

Property type Commercial Lease
Property subtype Other
Subdivision FRONT ROW
Standard status Active

Building Details

Year built 1900
Listing Agency: Pinnacle Realty
Listed By: Jo Mathes · License #272839
Added: Sep 30 Last Checked: Oct 5 at 7:06AM
MLS# 10231446

Copyright © 2026 Memphis Area 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 storefront at 70 Union Ave in Memphis was built in 1900 and previously operated as a nail salon. The property is in downtown Memphis, near the intersection of Front Street and Union.

Nearby destinations named include AutoZone headquarters, the Peabody, AutoZone Park, the University of Memphis Law School, Riverside Drive and the Brooks Museum.

Key Highlights

  • 1900 construction year
  • Former nail salon use
  • Near the Front Street and Union intersection

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Furniture & Home Goods Veterinary Clinic Pet Grooming Service Tanning Salon Carpet & Flooring 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

3,542
Businesses Nearby
87k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Hotels & Casinos 70% Dining 26% Apparel 3% Shops & Services 1%
Flying Fish Dining
18,139 visits/mo 0.1 miles
DoubleTree by Hilton Hotel Memphis Downtown Hotels & Casinos
12,893 visits/mo 0.2 miles
Hampton Inn & Suites Memphis Beale Street Hotels & Casinos
11,520 visits/mo 0.2 miles
Hilton Garden Inn Memphis Downtown Hotels & Casinos
7,623 visits/mo 0.2 miles
Hotel Indigo Memphis Downtown Hotels & Casinos
6,922 visits/mo 0.3 miles

Demographics for 38103, TN

14,739
Population
8,811
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
95%
High-School Grad
2.7 sq mi
ZIP Area
5,459
Density / Sq Mi
$75,763
Median Household Income
$60,918
Median Earnings
$1,575
Median Rent
$380,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Memphis, TN

$14.16 /SF/Yr
Avg Asking Price
$10–$18.4 /SF/Yr
Price Range
4,693 SF
Avg Space Size

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
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Similar Off Market Nearby

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  • Serene Same Day Flower Delivery Memphis — 156 Washington Ave, Memphis, TN 38103
  • Memphis Gifts and Flowers — Memphis, TN 38103

Frequently Asked Questions

What type of property is this?
Storefront property - Previously used as a nail salon, the space sits near the Front Street and Union intersection.
Where is this storefront property located?
The property is located at 70 UNION Ave Memphis, TN.
What is the lease rate?
The lease rate is $2,300/Mo.
What are key features of this property?
This property features: 1900 construction year; Former nail salon use; Near the Front Street and Union intersection
More about this property
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