REDUCED! Restaurant Opportunity at Union & I-240

Expired Vacant Land for Sale
Catylist Listing ID: 28566856
Property Subtypes: Retail, Retail-Pad, Other
Gross Land Area: 0.84 Acres
Sale Price: $249,900
Unit Price: $297,500 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Withdrawn On: 4/17/2014
Last Updated: 4/17/2014

Overview / Comments

PRICE REDUCED! - An ideal restaurant or NNN developer's location. .84 acre retail/restaurant outparcel located at Union Ave & I-240 has 40 paved parking spaces available.

Located on the NW corner of Union Ave and the I-240 W exit, this outparcel is located at the center of a bustling Medical Office District in Midtown, on the brink of Downtown Memphis. Daily demographics exceeding 40,000 thousand working and living residents.

Baptist College of Health Sciences & Memphis Bioworks Foundation are next door, Church Health Center across the street, and UT Health Science Center, Methodist Hospital, Southern College of Optometry and several bank buildings all within 1/2 mile.This location had 2011 daily traffic counts of 70,319 on I-240 and 36,286 on Union Ave. You'd have to re-locate in downtown LA to get better traffic numbers!

Additional Details

Nearest MSA: Memphis
County: Shelby

Attachments & Media



Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,606 119,179 206,550
Median Age: 36.27 36.49 35.43
Households: 8,082 51,290 84,941

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