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Space AvailabilityTotal: 1
Unit NameFloorUnit NoSizeTermLease RateCondition

Description

This 1,950-square-foot end-cap retail space offers an excellent opportunity for a salon or service-oriented business, featuring a new roof and updated HVAC systems. Positioned on a highly visible corner with direct curbside frontage, the property benefits from strong exposure to approximately 44,000 vehicles per day and provides easy access into the Central Gardens neighborhood. Surrounded by a dense in-fill population of 17,000 residents within a one-mile radius and an average household income of $91,000, the location supports a wide range of approved uses, including medical, dental, real estate, tax, insurance, financial services, retail, and food establishments. Additional features include 24-hour access, proximity to a bus line, prominent signage opportunities, and a desirable corner lot setting.

Lease Details

  • Lease Length

    Negotiable

  • Category

    convenience-store

  • Tenancy

    Multiple

  • Space Name

    High Traffic High Visibility Union Ave | 1603 Union Ave

  • Lease Type

    Triple Net (NNN)

  • Lease Model

    Direct

  • Lease Rate Type

    Yearly

  • Gross Leasable Area

    1,950 SF

  • Total Lease Rate

    $18/SF/YR

  • Parking Info

    1.22/1000 SF

  • No of Buildings

    1

  • No of Stories

    1

  • Space Location

    1603 Union Ave, Memphis, TN 38104

Property Details

  • Total Building Space

    9,862 SF

  • No of Spaces/Suites

    1

  • Minimum Divisible

    1,950 SF

  • Year Built

    1920

  • Year Renovated

    2023

Property Amenities

Location Amenities

Bus Lines
Commuter Rail
Public Transportation

Unit Amenities

24 Hour Access