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    1993 Union Ave Memphis, TN 38104

    Sponsored
    For Lease
    Contact for pricing

    Prime Memphis retail space, 2,653 sq ft available.

    Lot size:
    7,726 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity is located at 1993 Union Avenue in the vibrant heart of Memphis, Tennessee, within Shelby County (zip code 38104). The property boasts a total building size of 7,726 square feet, with 2,653 square feet currently vacant and available for lease. This space represents a significant portion of the building's total area and offers excellent visibility and accessibility. The property is categorized as both retail and office space, making it suitable for a variety of businesses. The layout allows for a maximum contiguous space of 2,653 square feet, ideal for a single tenant or potentially divisible for multiple occupants. The property benefits from a strong tenant mix, including co-tenants such as Smoothie King and Game Exchange, ensuring high foot traffic and a thriving commercial environment along the desirable Union Avenue corridor. This end-cap space provides excellent exposure and branding opportunities. The property's location offers easy access to major transportation routes and is situated in a densely populated area with a high concentration of potential customers. This is a rare opportunity to secure a prominent retail space in a prime Memphis location.

    Property Features for 1993 Union Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,726 SF

    Unit(s) available at that property

    Space
    1993 Union Ave
    Size
    2,653 SF

    HighLights

    • High‑traffic Union Avenue frontage.
    • End‑cap suite with Smoothie King and Game Exchange as co‑tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cousins Cleaners Dry Cleaner

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -89.995281577579
    Latitude
    35.134623273917

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    FAQs

    What type of property is this?
    Retail property - Prime Memphis retail space, 2,653 sq ft available.
    Where is this retail property located?
    The property is located at 1993 Union Ave Memphis, TN.
    What are key features of this property?
    This property features: High-traffic Union Avenue frontage.; End-cap suite with Smoothie King and Game Exchange as co-tenants.;
    Request Owner's contact information
    1993 Union Ave Memphis, TN 38104
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    Memphis, TN 38104
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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
    1993 Union Ave Memphis, TN 38104
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