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    2293 Union Ave Memphis, TN 38104

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    For Sale
    Contact for pricing

    Union Ave Retail & Residential Space

    Property size:
    3,850 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use building, located at 2293 Union Avenue in Midtown Memphis, Tennessee, presents a unique investment opportunity. Situated on a 0.25-acre lot, the property boasts a total of 3,850 square feet, strategically divided into two distinct levels. The ground floor encompasses 1,925 square feet of versatile retail or office space, ideal for a variety of businesses. Upstairs, another 1,925 square feet of residential space offers significant potential for rental income or owner occupancy. Ample parking is provided with 15 on-site spaces, a significant advantage in this vibrant urban location. The property benefits from its prime position on Union Avenue, just west of East Parkway, experiencing high traffic volume with an Annual Average Daily Traffic count of 31,850 vehicles. This high visibility ensures excellent exposure for any retail tenant. The building's combination of retail and residential space creates a flexible and potentially lucrative investment, catering to diverse needs and market demands. This is a rare opportunity to acquire a well-located, established property in a thriving Memphis neighborhood. The property's size, parking, and location make it an attractive proposition for both investors and owner-operators seeking a strong return on investment. The zip code is 38104.

    Property Features for 2293 Union Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,850 SF
    Lot Size
    10,890 SF

    HighLights

    • 3,850 SF mixed‑use building on a 0.25‑acre lot in Midtown Memphis.
    • 1,925 SF of ground floor retail/office space.
    • 1,925 SF of second‑floor residential space.
    • 15 on‑site parking spaces.
    • High visibility location on Union Ave with 31,850 AADT.
    Property Profile Location Intelligence

    Current Use by Public Records

    Stress Reduction Clinic Medical Clinic

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9852231
    Latitude
    35.1333959

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    FAQs

    What type of property is this?
    Individual retail property - Union Ave Retail & Residential Space
    Where is this individual retail property located?
    The property is located at 2293 Union Ave Memphis, TN.
    What are key features of this property?
    This property features: 3,850 SF mixed-use building on a 0.25-acre lot in Midtown Memphis.; 1,925 SF of ground floor retail/office space.; 1,925 SF of second-floor residential space.
    Request Owner's contact information
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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
    2293 Union Ave Memphis, TN 38104
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