2011 Union AveMemphis, TN 38104

Property Details for 2011 Union Ave

Year built

1963

Lot size

0.72 AC

Property size (Sq ft)

15,480 SF

Zone code

CMU-3

Property type

Retail properties

Property subtype

Strip malls

APN

016-065- - -00033-C

APU

01606500033C

Description

This exceptional 7,560-square-foot office space is located on the second floor of 2011 Union Avenue in Memphis, Tennessee, within Shelby County. The property boasts a prime Midtown location, offering unparalleled visibility and accessibility. With over 28,000 cars passing daily, this space provides significant signage opportunities, akin to a billboard. The building features elevators for convenient access to the second floor. The layout is highly adaptable, making it suitable for a variety of office uses, including traditional, executive, and medical offices. The ample parking available adds significant value and convenience for tenants and their clients. The address is 2011 Union Ave, Memphis, TN 38104. This single-tenancy space is currently vacant and ready for immediate occupancy. The building is a two-story structure. The property's location in Midtown Memphis offers a vibrant and dynamic business environment. The landlord welcomes businesses that complement existing tenants, such as veterinary and boarding services. This presents a unique opportunity for businesses seeking high visibility and a convenient location in a thriving area of Memphis.

• CAP approach

  CAP return

  Valuation

  6%

  $3,278,721

  6.5%

  $3,026,512

  7%

  $2,810,332

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,041,188

  Geo Method

  $3,041,188

• Alternative Use

  Use

  Valuation

  Residential

  $2,552,976

  Hospitality

  $2,338,512

  Educational

  $1,945,615

  Medical

  $2,012,528

  Retail

  $3,026,512

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.1342

Longitude

-89.9947

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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