Downtown Commercial Investment
For Lease
Contact for pricing
70 Union Ave, Memphis, TN 38103
Prime commercial space in downtown Memphis with high visibility.
Space Size1,000 SF
Days on Market796
Property Features for 70 Union Ave
General Information
Standard status
Active
Size
1,000 SF
Class
A
Property subtype
Retail, Restaurant
Lease Type
Modified Gross
Building Details
Building Size
1,000 SF
Tenancy
Single
Spaces For Lease
at 70 Union Ave Contact us- Size
- 1,000 SF
- Type
- Restaurant, Retail
- Lease Type
- Modified Gross
- Availability
- Active
Space 1
Listing Agency:
Pinnacle Realty
(901) 335-7447
Listed By:
Jeanette Lin · License #TN 318772
Source:
Crexi
Added: Jun 20, 2024
Changed: Aug 21
Last Checked: Aug 23 at 1:30PM
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 Pinnacle Realty
Investment Insights
Based on property information with market context.
This commercial space is positioned in downtown Memphis, near the intersection of Front Street and Union Avenue. The property offers visibility and growth potential. Formerly a nail salon, the property is suited for retail, professional services, or a boutique concept. The location benefits from traffic from professionals, tourists, and residents due to its proximity to AutoZone Headquarters, The Peabody Hotel, AutoZone Park, and the University of Memphis Law School. The property is near Riverside Drive and the upcoming Brooks Museum.
Key Highlights
- Prime downtown location near Front Street and Union, ensuring high visibility and accessibility.
- Surrounded by major anchors (AutoZone Headquarters, The Peabody Hotel, AutoZone Park, University of Memphis Law School) driving consistent foot traffic.
- Suitable for retail, professional services, or boutique concepts, offering versatile usage options.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$4.14 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,542
Businesses Nearby
87k
Monthly Visits Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Retail in Memphis, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Prime commercial space in downtown Memphis with high visibility.
Where is this retail space located?
The property is located at 70 Union Ave Memphis, TN.
What is the lease rate?
The lease rate is $27.60 SF/Yr.
What are key features of this property?
This property features: Prime downtown location near Front Street and Union, ensuring high visibility and accessibility.; Surrounded by major anchors (AutoZone Headquarters, The Peabody Hotel, AutoZone Park, University of Memphis Law School) driving consistent foot traffic.; Suitable for retail, professional services, or boutique concepts, offering versatile usage options.
