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    1556 Union Ave Memphis, TN 38104

    For Lease
    Contact for pricing

    Memphis Retail: 4,100 SF Divisible

    Lot size:
    8,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional retail opportunity is located at 1556 Union Avenue in Memphis, Tennessee, within Shelby County (zip code 38104). The property consists of a multi-tenant building totaling 8,900 square feet. Currently, there are 4,100 square feet of vacant space available, offering significant potential for a variety of retail businesses. The space is divisible, with a minimum leasable area of 2,000 square feet and a maximum contiguous space of 2,100 square feet. This presents flexibility for businesses seeking different sizes. The building is comprised of two total suites. The available space is a former Mattress Firm location, boasting excellent visibility and frontage on Union Avenue, ensuring high foot traffic and brand exposure. This prime location in Memphis offers a strong opportunity for businesses looking to establish or expand their presence in a vibrant commercial area. The property's address is easily accessible and well-suited for a variety of retail uses. Serious inquiries are encouraged to explore this exciting opportunity further.

    Property Features for 1556 Union Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,900 SF

    Unit(s) available at that property

    Space
    1556B
    Size
    2,000 SF
    Space
    1556A
    Size
    2,100 SF

    HighLights

    • High visibility on Union Avenue.
    • Strong retail co‑tenancy including national brands like Home Depot, Kroger, and Walgreens.
    • Convenient access to Methodist University Hospital and popular entertainment districts (Overton Square, Cooper Young, Edge District).
    • High traffic count: 33,042 AADT on Union Avenue.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wingstop Chicken Wings Restaurant Wells Fargo ATM Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0096363
    Latitude
    35.1363964

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    FAQs

    What type of property is this?
    Retail property - Memphis Retail: 4,100 SF Divisible
    Where is this retail property located?
    The property is located at 1556 Union Ave Memphis, TN.
    What are key features of this property?
    This property features: High visibility on Union Avenue.; Strong retail co-tenancy including national brands like Home Depot, Kroger, and Walgreens.; Convenient access to Methodist University Hospital and popular entertainment districts (Overton Square, Cooper Young, Edge District).
    Request Owner's contact information
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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
    1556 Union Ave Memphis, TN 38104
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