1539 Whitten Rd.
850,000$
2011, Union Avenue, Midtown, Memphis, Shelby County, West Tennessee, Tennessee, 38104, United States
For Sale
2,700,000$
Property ID :
None
Myers Commercial real estate is proud to present this trophy location in the heart of Midtown Memphis. Union Avenue is home to many national retailers, medical community, and long term local entrepreneurs. This busy street is the main thoroughfare leading from East Memphis to Downtown. It is highly traveled with over 28,000 vehicles per day. This beacon of a property is the perfect opportunity to any number of developers. Located on .75 of an acre, it creates and unheard of amount parking in Midtown. The entire top floor is vacant and wide open. There is an elevator with less than 3 years of use. It was installed when the building was remodeled in 2008. Any number of uses could be implemented, multi family apartments. We have an adaptative reuse plan that show the availability of adding 6 units. In addition, the big beautiful windows lends itself to an incredible office space for a corporation looking to own their office building vs rent.
Hollywood Feed is a regional tenant that started taking approximately half the building in 2008. Overtime, they have commandeered the 1st floor adding a bakery and grooming station for their clients. They have 2.5 years left on their lease and we have no indication they will leave with the investment in place.
Please call me today for more information.