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    164 Union Ave Memphis, TN 38103

    Sponsored
    For Lease
    Contact for pricing

    Upscale hotel, high-traffic location, ample space.

    Lot size:
    5,636 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Prime restaurant opportunity in a vibrant Downtown Memphis location. This 5,636 square foot space, situated within the 174-room Canopy Hotel by Hilton, offers multiple tenancy options ranging from 1,114 to 4,522 contiguous square feet. The space boasts exceptional street corner visibility and includes a 1,114 square foot covered outdoor patio. Operators must serve breakfast, lunch, and dinner. Benefit from the high foot traffic generated by its adjacency to AutoZone Park, home to the Memphis Redbirds (223,751 attendees in 2023) and Memphis 901 FC. The property enjoys excellent proximity to the First Horizon Headquarters and numerous other downtown office buildings, ensuring a strong daytime customer base. Furthermore, its location just one block from the proposed $1 billion Walk Development at Union Avenue and 4th Street positions it for future growth. A short, approximately four-minute walk to the FedEx Forum and the Beale Street Entertainment District (over 6 million annual visitors) provides access to significant evening and weekend traffic. This exceptional opportunity combines high visibility, convenient location, and substantial space to create a thriving restaurant business. Shelby County location.

    Property Features for 164 Union Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,636 SF

    Unit(s) available at that property

    Space
    Restaurant
    Size
    4,522 SF
    Space
    Outdoor
    Size
    1,114 SF

    HighLights

    • 5,636 SF of vacant restaurant space available for lease in a multi‑tenant building; divisible spaces from 1,114 SF to 4,522 SF maximum contiguous space.
    • High‑traffic location adjacent to AutoZone Park, home of the Memphis Redbirds and Memphis 901 FC.
    • Excellent proximity to First Horizon Headquarters and numerous downtown office buildings.
    • One block from the proposed $1 billion Walk Development at Union Ave and 4th St.
    • ~4‑minute walk to FedEx Forum and Beale Street Entertainment District.
    Property Profile Location Intelligence

    Current Use by Public Records

    Canopy by Hilton ... Hotel Another Sip Cafe Coffee Shop Curfew Restaurant

    Suggested Use

    Realty agency Restaurant Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0515064
    Latitude
    35.1428152

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    FAQs

    What type of property is this?
    Restaurant - Upscale hotel, high-traffic location, ample space.
    Where is this restaurant located?
    The property is located at 164 Union Ave Memphis, TN.
    What are key features of this property?
    This property features: 5,636 SF of vacant restaurant space available for lease in a multi-tenant building; divisible spaces from 1,114 SF to 4,522 SF maximum contiguous space.; High-traffic location adjacent to AutoZone Park, home of the Memphis Redbirds and Memphis 901 FC.; Excellent proximity to First Horizon Headquarters and numerous downtown office buildings.
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    164 Union Ave Memphis, TN 38103
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    Memphis, TN 38103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    164 Union Ave Memphis, TN 38103
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