213 N Cleveland Street
213 N Cleveland Street, Memphis, TN 38104
Marketing description
KW Commercial is pleased to present for sale the 5,675 SF vacant freestanding retail property located at 213 N Cleveland Street in Memphis, TN. The property benefits from close proximity to major employment centers and institutions, including Methodist University Hospital and the Memphis Medical District, which support a strong daytime population and consistent demand in the area.
Midtown Memphis is known for its historic character, walkability, and vibrant community atmosphere, making it an attractive location for both residents and businesses, while ongoing investment and redevelopment continue to enhance the area's long-term growth and stability. Formerly occupied by Advance Auto Parts, the site offers a proven retail location with flexible CMU-3 zoning and meaningful value-add potential for an investor or owner-user.
Investment highlights
- Prime Midtown Location: Strategically Positioned in the Highly Desirable Midtown Submarket of Memphis — One of the City's Most Vibrant and Rapidly Evolving Corridors. Just Minutes From Downtown, With Excellent Accessibility via Major Thoroughfares Including Union Avenue and Poplar Avenue, Providing Strong Connectivity to the Broader Metro.
- Dynamic Surrounding Area: The Immediate Area Features a Dense Mix of Residential Communities, National and Local Retailers, Dining, and Cultural Attractions, Creating a Highly Active and Desirable Environment.
- Proximity to Key Destinations: Located Near Overton Square and Overton Park — Home to the Memphis Zoo and the Brooks Museum of Art — the Property Benefits From Consistent Foot Traffic and Long-term Location Appeal.
- Strong Daytime Population Drivers: Close Proximity to Major Employment Hubs Such as Methodist University Hospital and the Memphis Medical District Supports Sustained Consumer Demand and a Robust Daytime Population.
- Proven Retail Location: Formerly Occupied by Advance Auto Parts, a Nationally Recognized Automotive Retail Tenant — Demonstrating the Site's Viability for Credit Tenancy.
- Value-add Opportunity: Currently Vacant, the Property Presents a Compelling Opportunity for Investors or Owner-users to Reposition or Re-tenant the Asset.
- Flexible Zoning & Redevelopment Potential: Cmu-3 (Commercial Mixed-use) Zoning Allows for a Wide Range of Commercial and Mixed-use Applications, Enhancing Long-term Redevelopment Potential in a High-demand Submarket.
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