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    1407 Union Ave Memphis, TN 38104

    Sponsored
    For Lease
    Contact for pricing

    16-Story Office Building, 10,959 SF Available

    Lot size:
    178,016 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 16-story Class C office building, located at 1407 Union Avenue in Shelby County, presents a unique opportunity for businesses seeking executive office space. Constructed in 1976, the building boasts a total of 178,016 square feet, currently configured as a single suite. A significant portion of the building, totaling 10,959 square feet, is immediately available for lease. This substantial space offers flexibility, with potential for configuration to accommodate various business needs. The available space is divisible, with options ranging from approximately 1,447 to 11,176 square feet, allowing for customization to suit specific requirements. The building's multi-tenant structure provides a vibrant and collaborative environment. This prime location in Shelby County offers excellent accessibility and visibility, making it an ideal choice for businesses seeking a prominent presence. The property's substantial size and available space make it suitable for a variety of uses, from large corporate offices to smaller businesses seeking expansion opportunities. The building's age presents an opportunity for a tenant to modernize and personalize the space to their specific needs and branding. Interested parties are encouraged to inquire about lease terms and availability. This is a rare opportunity to secure a significant amount of executive office space in a well-located building.

    Property Features for 1407 Union Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    178,016 SF
    Class
    C

    Building Details

    Year Built
    1976
    Stories
    16

    Unit(s) available at that property

    Space
    Available Space
    Size
    10,959 SF

    HighLights

    • 178,016 square foot, Class C office building in Shelby County.
    • Single‑tenant, 10,959 square feet of vacant executive office space available.
    • Building features 16 stories and was built in 1976.
    • Multiple suites available, ranging from 1,447 to 11,176 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pathgroup Medical Clinic Vision Behavior Health ... Counselor Behavioral Science Consulting Mental Health Service NIA Therapy Services ... Psychologist Charlotte M. Freeman, ... Psychologist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office 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
    -90.0150112
    Latitude
    35.1359876

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    FAQs

    What type of property is this?
    Office Property / Space - 16-Story Office Building, 10,959 SF Available
    Where is this office property / space located?
    The property is located at 1407 Union Ave Memphis, TN.
    What are key features of this property?
    This property features: 178,016 square foot, Class C office building in Shelby County.; Single-tenant, 10,959 square feet of vacant executive office space available.; Building features 16 stories and was built in 1976.
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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
    1407 Union Ave Memphis, TN 38104
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