495 Union AveMemphis, TN 38103

Property Details for 495 Union Ave

Year built

1975

Lot size

6.49 AC

Property size (Sq ft)

277,065 SF

Zone code

CBD

Property type

Industrial properties

Property subtype

Other warehouses

APN

007-006- - -00002-C

APU

00700600002C

Description

This exceptional opportunity presents 0.5 to 1.66 acres of cleared, developable land at 495 Union Ave., Memphis, TN, in the heart of Shelby County (zip code 38103). Boasting approximately 350 feet of street frontage on Union Avenue, this site enjoys high visibility with over 14,000 vehicles passing daily. Its strategic location provides unparalleled access to Midtown, Downtown, The Walk project, the Medical District, and the Edge District, maximizing exposure and attracting a diverse clientele. The land is zoned for commercial and residential development, making it ideal for a variety of uses, including quick-service restaurants (QSRs), retail establishments, or multifamily housing. The area's strong demographics are further supported by the presence of over 22 multifamily complexes within a three-mile radius. This rare, large-scale urban lot offers an exceptional investment opportunity with significant potential for growth and return. The land value is priced at $30 per square foot. Don't miss this chance to secure a prime location in a thriving Memphis neighborhood.

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.1391

Longitude

-90.0414

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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