164 Union Ave Memphis, TN 38103
Property profile & analytics
164 Union Ave, Memphis, TN 38103
- Hotels
- 115,087 SF
- 0.49 lot acres
Property ID
US80-1535304
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Canopy by Hilton Memphis Downtown Beale Street / Hotel & Motel
- Another Sip Cafe / Cafe & Coffee Shop
- Curfew / Restaurant
Property Details for 164 Union Ave
- Year built
- 2020
- Lot size
- 0.49 lot acres
- 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 Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $7,835,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $8,450,000 Change: +8% Conversion: Difficult
- RETAIL STORES
- $6,990,000 Change: -11% Conversion: Difficult
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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
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$77,861
$0.00
$0.00
$0.00
-
$641,300
$17,731,800
$18,373,100
