164 Union Ave Memphis, TN 38103
- Hotels
- 115,087 SF
- 0.49 lot acres
Current Use by Public Records
- Canopy by Hilton Memphis Downtown Beale Street / Hotel
- Another Sip Cafe / Coffee Shop
- Curfew / Restaurant
Property Details for 164 Union Ave
- Year built
- 2020
- Lot size
- 0.49 lot acres
- Property size
- 115,087 SF
- Zone code
- SE
- Property type
- Hotels
- APN
- 002-054- - -00003-C
- APU
- 00205400003C
Description
Prime restaurant opportunity in a vibrant Downtown Memphis location. This 5,636 square foot space, situated within the 174-room Canopy Hotel by Hilton, offers multiple tenancy options ranging from 1,114 to 4,522 contiguous square feet. The space boasts exceptional street corner visibility and includes a 1,114 square foot covered outdoor patio. Operators must serve breakfast, lunch, and dinner. Benefit from the high foot traffic generated by its adjacency to AutoZone Park, home to the Memphis Redbirds (223,751 attendees in 2023) and Memphis 901 FC. The property enjoys excellent proximity to the First Horizon Headquarters and numerous other downtown office buildings, ensuring a strong daytime customer base. Furthermore, its location just one block from the proposed $1 billion Walk Development at Union Avenue and 4th Street positions it for future growth. A short, approximately four-minute walk to the FedEx Forum and the Beale Street Entertainment District (over 6 million annual visitors) provides access to significant evening and weekend traffic. This exceptional opportunity combines high visibility, convenient location, and substantial space to create a thriving restaurant business. Shelby County location.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.0513
- Latitude
- 35.1429
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
