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    648-656 Marshall Ave Memphis, TN 38103

    For Lease
    Contact for pricing

    Edge District Retail/Restaurant Opportunity

    Lot size:
    13,316 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial property, located at 648-656 Marshall Avenue in Memphis, Tennessee, offers 13,316 square feet of retail and restaurant space. Currently, 10,350 square feet is available for lease, divisible into units ranging from a minimum of 4,250 square feet to a maximum contiguous space of 6,100 square feet. The property's strategic location in the heart of the Edge District, at the intersection of Marshall and Monroe Avenue Extended, provides unparalleled visibility and accessibility. This multi-tenant building presents a unique opportunity for businesses seeking high-traffic exposure in a vibrant and rapidly developing area of Memphis. The building's size and layout are ideal for a variety of retail and/or restaurant concepts. The address is 648-656 Marshall Avenue, Memphis, TN 38103, situated in Shelby County. This prime location offers significant potential for growth and success within a thriving commercial district. The available space is perfect for businesses seeking a prominent presence in a dynamic and up-and-coming neighborhood. Serious inquiries are encouraged to explore this exciting opportunity to establish a business in a highly desirable Memphis location. The property is zoned for commercial use and offers ample space for various business needs.

    Property Features for 648-656 Marshall Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,316 SF

    Unit(s) available at that property

    Space
    Suite 648
    Size
    4,250 SF
    Space
    Space Available 648
    Size
    6,100 SF

    HighLights

    • 2,966 SF and 4,250 SF of contiguous space available for lease.
    • Excellent location near Orion Federal Credit Union headquarters and the Wonder Bread Factory redevelopment.
    • Situated in the thriving Edge District, between Sun Studio and AutoZone Park, benefiting from growth in the Medical District and Downtown.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0390431
    Latitude
    35.140419

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    FAQs

    What type of property is this?
    Restaurant - Edge District Retail/Restaurant Opportunity
    Where is this restaurant located?
    The property is located at 648-656 Marshall Ave Memphis, TN.
    What are key features of this property?
    This property features: 2,966 SF and 4,250 SF of contiguous space available for lease.; Excellent location near Orion Federal Credit Union headquarters and the Wonder Bread Factory redevelopment.; Situated in the thriving Edge District, between Sun Studio and AutoZone Park, benefiting from growth in the Medical District and Downtown.
    Request Owner's contact information
    648-656 Marshall Ave Memphis, TN 38103
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    Memphis, TN 38103
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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
    648-656 Marshall Ave Memphis, TN 38103
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