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1603-1613 Union Ave
Memphis, TN 38104 Midtown Memphis

$1,300,000

Storefront For Sale  •  9,862 Sq Ft

Property Details

  • Property Type Storefront
  • Total Building Size 9,862 Sq Ft
  • Lot Size 0.38 ac
  • Building Class C
  • Year Built 1920
  • Cap Rate 8.00 %
  • Tenancy Multiple
  • Zoning C
0 Transit Score
85 Walk Score

Description

10,000 SF strip center with three tenants and a billboard. 
Brand new 5 year lease signed on the 5,000 SF space that does not utilize the parking during peak hours. 
2,500 SF will be available in April 2017. 
This makes an excellent opportunity for an owner user on Union Ave! 
Located in the heart of Midtown Memphis. 
Unparalleled visibility with a traffic count of 31,000 cars per day! 
Great urban area brimming with vitality and commerce.

1603-1613 Union Ave  
Memphis, TN 38104 
Market: Downtown/Midtown 
Cross Streets: SE of Union Ave and N Avalon St

Financial Summary

Cap Rate: 8.00 %

Amenities

  • Bus Line
  • Signage

Public Transportation

Transit/SubwayDriveWalkDistance
Cleveland Street Transit Stop (Madison Avenue Trolley) 2 min 15 min 0.7 mi
AirportDriveWalkDistance
Memphis International Airport 13 min - 7.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 12
Type: Surface
Included in Rent: Yes
Melanie Myers 901-761-5595 The Gary Myers Company
Melanie Myers 901-761-5595 The Gary Myers Company