For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

121 Union Ave Memphis, TN 38103

Sponsored
For Sale
$1,500,000

Prime location, 21,072 sq ft, vacant, high foot traffic.

Property size:
21,072 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional commercial property, located at 121 Union Ave in the heart of downtown Memphis, Tennessee, presents a unique investment opportunity. The 21,072 square foot building sits on a 0.12-acre lot and is zoned for commercial use. Currently vacant, this property offers significant potential for a variety of uses, particularly given its existing restaurant infrastructure. The ground floor features a fully equipped kitchen, ideal for a restaurant or similar food service establishment. Two additional upper levels provide ample space for expansion, office space, or other complementary businesses. The property enjoys a prime location, boasting high foot traffic and adjacency to The Peabody Memphis. Its proximity to numerous well-established restaurants, including The Rendezvous, Huey's Downtown, and many others, ensures a vibrant and bustling atmosphere. Union Avenue's high traffic count of 12,897 AADT further underscores the property's exceptional visibility and accessibility. This is a rare opportunity to acquire a substantial commercial building in a coveted downtown Memphis location. The asking price is $1,500,000. The property is offered for sale by owner. This is a turnkey opportunity for a savvy investor looking to capitalize on the thriving Memphis market.

Property Features for 121 Union Ave

General Information

Property type
Restaurants
Square Feet
21,072 SF
Lot Size
5,227 SF

HighLights

  • Ground floor restaurant space with fully equipped kitchen and two upper levels available for lease.
  • Excellent location adjacent to The Peabody Memphis and near major Memphis attractions.
  • Prime location surrounded by numerous established restaurants.
  • High traffic count on Union Avenue (12,897 AADT).
Property Profile Location Intelligence

Current Use by Public Records

The Nine Authentic Thai ... Thai Restaurant

Suggested Use

Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Daycare Center Skin Care Clinic

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

Location Insight

  • Map
  • Local Demand
City
Memphis
County
Shelby
State
Tennessee
Longitude
-90.05276248
Latitude
35.1429796

FAQs

What type of property is this?
Restaurant - Prime location, 21,072 sq ft, vacant, high foot traffic.
Where is this restaurant located?
The property is located at 121 Union Ave Memphis, TN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Ground floor restaurant space with fully equipped kitchen and two upper levels available for lease.; Excellent location adjacent to The Peabody Memphis and near major Memphis attractions.; Prime location surrounded by numerous established restaurants.
More about this property
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