Listed by Gill Properties Memphis
$948,480
1622-1628 Union Ave
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 9,512
Cap Rate 7.50%
NOI $71,137
Occupancy 75%
Tenancy Single
Brand/Tenant Best Rubber Stamps, Smokeology
Lease Type NNN
Year Built 1955
Buildings 1
Acreage 0.373
1622-1628 Union Ave, Memphis, TN 38104
Investment highlights
- Prime Retail Investment on High-Traffic Union Avenue
- Significant Upside - Rents 43% Below Market & 75% Occupancy
- 62,000+ Vehicles Per Day
- Four Bays: 2,139 SF EA
- Lot Size: .373 AC | 16,248 SF
- Lot Dimensions: 100x162.5
- Year Built: 1955
- Building Size: 9,512 SF
Listing Contacts
Listed by Gill Properties Memphis
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$71,136.62
$5,928.05/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
Map
Zoning
CMU-3 CommercialGeneral CommercialCommercial Mixed Use 3
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View all 168 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
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