Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    1421 1St St Union City, TN 38261

    Sponsored
    For Lease
    $5 SF/Yr

    High-traffic retail center, 6 spaces available

    Lot size:
    83,995 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Reelfoot Commons, a thriving shopping center, presents a unique investment opportunity. Strategically located at the signalized intersection of Reelfoot Avenue and First Street, this property boasts exceptional visibility and high traffic counts. The 83,995 square foot center houses a diverse mix of established tenants, including Dollar General, AutoZone, The Gallery Thrift Store, and Rent-A-Center, demonstrating strong market demand and long-term stability. Currently, there are six available retail spaces ranging from 1,200 to 4,342 square feet, providing flexibility for various business types. The center's 20 total suites and a current vacancy of 17,650 square feet offer significant potential for expansion and increased revenue. This property is ideal for investors seeking a well-established, high-visibility retail center with immediate income potential and opportunities for future growth. The existing tenant mix provides a strong foundation for continued success, and the available spaces offer the chance to further diversify the center's offerings and attract new businesses. The prime location and high traffic volume ensure consistent customer flow, making this a compelling investment opportunity in a vibrant retail market.

    Property Features for 1421 1St St

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    83,995 SF
    Total Rate
    34997.92

    Unit(s) available at that property

    Space
    114
    Size
    4,342 SF
    Rate per SF
    $9
    Space
    1433
    Size
    1,200 SF
    Rate per SF
    $7
    Space
    1425
    Size
    2,000 SF
    Rate per SF
    $8
    Space
    1429
    Size
    1,600 SF
    Rate per SF
    $5
    Space
    1413
    Size
    2,500 SF
    Rate per SF
    $7
    Space
    1439
    Size
    3,000 SF
    Rate per SF
    $7

    HighLights

    • 83,995 SF retail shopping center with 20 suites.
    • 17,650 SF of vacant space available.
    • Six available spaces ranging from 1,200 SF to 4,342 SF.
    • Strong tenant mix including Dollar General, AutoZone, Rent‑A‑Center, and The Gallery Thrift Store.
    • High visibility corner location at Reelfoot Avenue and First Street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sears Appliance Repair Appliance Repair Service G2The Gallery 2 Thrift Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Union City
    County
    Obion
    State
    Tennessee
    Longitude
    -89.0597719
    Latitude
    36.4135136

    Nearby Comparable

    • Contact for pricing
      411,897 SF

      Union City Industrial Campus

      Large TN warehouse, flexible space
      600 Sherwood Dr, Union City, TN 38261
      View Details
    • Contact for pricing
      25,000 SF

      Prime Martin, TN Commercial Land

      7.55 Acres, Zoned PB, Development Ready
      833 University St, Martin, TN 38237
      View Details
    • $23,065
      92,260 SF

      Martin, TN Warehouse Opportunity

      92,260 sq ft industrial space for lease in Martin, TN.
      8160 Hwy 45S, Martin, TN 38237
      View Details
    • $5,500 /Mo
      5,000 SF

      Versatile Commercial Space in Dyersburg

      Move-in ready, flexible 5000 sq ft commercial space for rent.
      2490 Parr Ave, Dyersburg, TN 38024
      View Details
    • $12 SF/Yr
      24,313 SF

      Dyersburg Office Space Available

      Prime Dyersburg location, 2,000 sq ft office.
      2450 Lake Rd, Dyersburg, TN 38024
      View Details
    • $3,000 /Mo
      3,000 SF

      Dyersburg Retail Space For Rent

      Commercial space available in Dyersburg, Tennessee, offering 3000 square feet.
      1057 Vendall Rd, Dyersburg, TN 38024
      View Details
    • Contact for pricing

      Dyersburg Shopping Center For Lease

      160,000 SF shopping center at US Highway 51 Bypass.
      51 Byp And Parr Ave, Dyersburg, TN 38024
      View Details
    • Contact for pricing

      Retail and Restaurant Space Available

      New retail and restaurant development across from Walmart.
      805 Pennell Lane Ext, Dyersburg, TN 38024
      View Details
    • $1,800 /Mo
      2,886 SF

      Dyersburg Commercial Space For Rent

      Commercial space available in Dyersburg, Tennessee, with 1,300 square feet.
      1365 Flowering Dogwood Ln, Dyersburg, TN 38024
      View Details
    • $1,200 /Mo
      746 SF

      Commercial Building Near Charleston, MO

      Versatile commercial building suitable for office, retail, or medical use.
      2806 State Hwy, Charleston, MO 63834
      View Details
    • $1,500 /Mo
      1,480 SF

      Dyersburg Commercial Space For Rent

      Commercial space with four rooms, reception, kitchen, and two bathrooms.
      1385 Flowering Dogwood Ln, Dyersburg, TN 38024
      View Details
    • $1,500 /Mo

      Mayfield Commercial Space For Lease

      Commercial space suitable for offices or retail in Mayfield, KY.
      1522 Cuba Rd, Mayfield, KY 42066
      View Details

    Nearby Similar for Lease

    • Contact for pricing
      411,897 SF

      Union City Industrial Campus

      Large TN warehouse, flexible space
      600 Sherwood Dr, Union City, TN 38261
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - High-traffic retail center, 6 spaces available
    Where is this lifestyle center located?
    The property is located at 1421 1St St Union City, TN.
    What is the lease rate?
    The lease rate is $5-$9 SF/Yr.
    What are key features of this property?
    This property features: 83,995 SF retail shopping center with 20 suites.; 17,650 SF of vacant space available.; Six available spaces ranging from 1,200 SF to 4,342 SF.
    Request Owner's contact information
    1421 1St St Union City, TN 38261
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1421 1St St
    Union City, TN 38261
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1421 1St St Union City, TN 38261
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.