2293 Union Ave Memphis, TN 38104
- Office buildings
- 4,389 SF
- 0.25 lot acres
Current Use by Public Records
- Stress Reduction Clinic / Medical Clinic
Property Details for 2293 Union Ave
- Year built
- 1920
- Lot size
- 0.25 lot acres
- Property size
- 4,389 SF
- Zone code
- CMU-1
- Property type
- Office buildings
- APN
- 028-034- - -00003
- APU
- 2803400003
Description
This exceptional mixed-use building, located at 2293 Union Avenue in Midtown Memphis, Tennessee, presents a unique investment opportunity. Situated on a 0.25-acre lot, the property boasts a total of 3,850 square feet, strategically divided into two distinct levels. The ground floor encompasses 1,925 square feet of versatile retail or office space, ideal for a variety of businesses. Upstairs, another 1,925 square feet of residential space offers significant potential for rental income or owner occupancy. Ample parking is provided with 15 on-site spaces, a significant advantage in this vibrant urban location. The property benefits from its prime position on Union Avenue, just west of East Parkway, experiencing high traffic volume with an Annual Average Daily Traffic count of 31,850 vehicles. This high visibility ensures excellent exposure for any retail tenant. The building's combination of retail and residential space creates a flexible and potentially lucrative investment, catering to diverse needs and market demands. This is a rare opportunity to acquire a well-located, established property in a thriving Memphis neighborhood. The property's size, parking, and location make it an attractive proposition for both investors and owner-operators seeking a strong return on investment. The zip code is 38104.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.9852
- Latitude
- 35.1333
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
