294 Cleveland St Memphis, TN 38104
This exceptional retail property at 294 N Cleveland offers a unique opportunity for businesses seeking flexible space in a vibrant location. The entire 5,895 square foot building is currently vacant and available for lease, presenting a blank canvas for your vision. The space is adaptable to a variety of uses, accommodating tenants requiring anywhere from 1,000 to 4,895 contiguous square feet. This allows for both smaller businesses seeking a manageable footprint and larger enterprises needing more expansive areas. The property's classification as both retail and commercial, with a bar subtype, suggests a versatile environment suitable for a range of businesses. The multiple tenancy option allows for the possibility of dividing the space to accommodate several tenants, creating a synergistic environment. The building's size and layout provide ample opportunity for customization and creative design to meet the specific needs of the tenant(s). This prime location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking high foot traffic and convenient access for customers. The property is ready for immediate occupancy, allowing for a swift and efficient transition for new tenants. Interested parties are encouraged to inquire further to explore the possibilities this exceptional retail space offers.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.