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    Central Ave Memphis, TN 38104

    Sponsored
    For Lease
    Contact for pricing

    Prime Midtown location, flexible space available

    Lot size:
    100,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    The District at Liberty Park offers exceptional retail opportunities in the vibrant Midtown Memphis submarket of Shelby County, Tennessee. This 100,000 square foot multi-tenant commercial property, located on Central Avenue, zip code 38104, presents a unique chance to establish or expand your business. Currently, 65,000 square feet of retail space is available, with flexible lease options ranging from a minimum of 1,200 square feet to a maximum contiguous space of 30,000 square feet. The property's location within Liberty Park places it at the heart of a rapidly growing area, experiencing significant residential and commercial investment. The City of Memphis is actively developing Liberty Park into a mixed-use, sports tourism destination, further enhancing its appeal and accessibility. This strategic location benefits from a dense mix of residential and commercial uses, ensuring high foot traffic and visibility for your business. The property is ideal for a variety of retail concepts, restaurants, or office uses. Don't miss this chance to be part of Memphis's exciting growth story.

    Property Features for 0 Central Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    100,000 SF

    Unit(s) available at that property

    Space
    Phase I
    Size
    65,000 SF

    HighLights

    • 100,000 SF multi‑tenant retail property in Midtown Memphis's Liberty Park, offering 65,000 SF of available space.
    • Ideal for restaurants, entertainment, specialty retail, and office uses.
    • 65,000± SF of retail space available for lease in Phase I; spaces range from 1,200 SF to 30,000 SF contiguous.
    • High traffic counts: 21,811 AADT on Central Avenue and 36,251 AADT on East Parkway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0030399
    Latitude
    35.1262889

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    FAQs

    What type of property is this?
    Retail property - Prime Midtown location, flexible space available
    Where is this retail property located?
    The property is located at Central Ave Memphis, TN.
    What are key features of this property?
    This property features: 100,000 SF multi-tenant retail property in Midtown Memphis's Liberty Park, offering 65,000 SF of available space.; Ideal for restaurants, entertainment, specialty retail, and office uses.; 65,000± SF of retail space available for lease in Phase I; spaces range from 1,200 SF to 30,000 SF contiguous.
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    Memphis, TN 38104
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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
    Central Ave Memphis, TN 38104
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