Kimbrough Center
1495-1511 Union Avenue, Memphis, TN 38104
The Offering
Kimbrough Retail Center in Memphis Medical District
Value-Add Opportunity with Excellent Adaptive Reuse Option
Central to Major Employment Anchors with 112,000+ White-Collar Jobs
Ask Price $1,800,000 or $41.00psf
Its prominent location, ample parking and the vacant second floor space make the center an ideal candidate for a variety of mixed-use options, spanning multifamily, office, or live-work space concepts.
INVESTMENT HIGHLIGHTS - Partially Renovated Retail Center with 60-Space Garage. Storefront Retail (6 Bays) with Excellent Adaptive Reuse Option on 2nd Floor.
Recent Capital Improvements: Street level retail cleared and marketed for lease to retail and service businesses. Slice Midtown occupies a 1,740sf (10 year lease); 2nd bay under signed LOI. Partially demolished 11,000+sf second floor with all partitions removed ideally suited for adaptive reuse. New TPO roof across in November 2024. New parking lease agreement ($25,000/yr) with adjacent apartment building
LOCATION HIGHLIGHTS - Prominent Location in Memphis Medical District. Great Visibility on High-Traffic Union Avenue Corridor. Convenient Access to Area Amenities. Zero New Supply Pipeline in Immediate Submarket.
DOCUMENT CENTER - includes OM + Concept Layout for 2nd Floor for Multifamily Conversion + New Roof Warranty
DISCLAIMER
Any Information provided with respect to the Property, including, without limitation, the Property Information, is solely for convenience and was or will be obtained from a variety of sources. Seller and Woodyard Realty Corp have not made any independent investigation or verification of such information and make no (and expressly disclaim all) representations as to the accuracy or completeness of such information. Seller and Woodyard Realty Corp shall not be liable for any mistakes, omissions, misrepresentation or any failure to investigate the Property nor shall Seller or Woodyard Realty Corp be bound in any manner by any verbal or written statements, representations, appraisals, environmental assessment reports, other information pertaining or the operations thereof, furnished by Seller or by any Manager, Officer or Member of Seller, or by Woodyard Realty Corp , or other persons or entities acting on behalf of Seller.
5865 Ridgeway Center Pkwy Ste 300, Memphis, TN 38120
Phone 901-767-1998
TN Company License #256220
MS Company License #C-21186
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