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    521-529 Highland St Memphis, TN 38111

    For Lease
    Contact for pricing

    Memphis Retail Space, High Traffic Area

    Lot size:
    17,940 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Highland Row, located at 521-529 S Highland Street in Memphis, Tennessee (zip code 38111), offers a prime retail opportunity within a vibrant commercial strip center. This 17,940 square foot property currently has 3,509 square feet of vacant space available, perfect for a variety of businesses. The available spaces are divisible, with a minimum leasable area of 1,200 square feet and a maximum contiguous space of 2,309 square feet. This makes it ideal for both smaller businesses seeking a manageable footprint and larger enterprises requiring more expansive space. The property's location within Shelby County, a short walk from the University of Memphis, places it within the bustling Highland Strip entertainment district, ensuring high foot traffic and visibility. This presents an exceptional chance to establish a presence in a thriving area with a diverse customer base. The property's classification as a multi-tenant building offers the potential for synergistic relationships with neighboring businesses. This location offers an ideal blend of accessibility, visibility, and proximity to a significant population base, making it an attractive investment for discerning businesses seeking a strong foothold in the Memphis market. The property is categorized as retail, specifically a commercial strip center.

    Property Features for 521-529 Highland St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,940 SF

    Unit(s) available at that property

    Space
    Suite 521 - 103
    Size
    2,309 SF
    Space
    Suite 521 - 102
    Size
    1,200 SF

    HighLights

    • Prime retail space totaling 17,940 square feet available in a vibrant Memphis strip center.
    • 3,509 square feet of divisible space available, with units ranging from 1,200 to 2,309 square feet.
    • High‑traffic location near the University of Memphis (21,000+ students), within the Highland Strip entertainment district.
    • Excellent visibility and accessibility, with ample street and rear parking; high traffic counts on Highland St (19,005 AADT), Central Ave (19,885 AADT), and Poplar Ave (16,261 AADT).
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -89.9461037
    Latitude
    35.1173893

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    FAQs

    What type of property is this?
    Neighborhood center - Memphis Retail Space, High Traffic Area
    Where is this neighborhood center located?
    The property is located at 521-529 Highland St Memphis, TN.
    What are key features of this property?
    This property features: Prime retail space totaling 17,940 square feet available in a vibrant Memphis strip center.; 3,509 square feet of divisible space available, with units ranging from 1,200 to 2,309 square feet.; High-traffic location near the University of Memphis (21,000+ students), within the Highland Strip entertainment district.
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    521-529 Highland St Memphis, TN 38111
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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
    521-529 Highland St Memphis, TN 38111
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