213 N Cleveland St - Freestanding FOR SALE


Memphis, TN 38104- Crosstown
$795,000 USD
404-207-1171
213 N Cleveland St, Memphis, TN for Sale
$795,000 USD
Freestanding - FOR SALE
1/4
null | Request Cap Rate

213 N Cleveland St
Memphis, TN 38104
Crosstown


HIGHLIGHTS

  • 213 N Cleveland Street is strategically positioned in the highly desirable Midtown submarket of Memphis, Tennessee.
  • The immediate area features a dense mix of residential communities, national and local retailers, dining options, and cultural attractions.
  • Located near Overton Square & Overton Park, home to the Memphis Zoo and the Brooks Museum of Art, the property benefits from consistent foot traffic.
  • Close proximity to major employment hubs such as Methodist University Hospital and the Memphis Medical District supports sustained consumer demand.
  • The property is a single-tenant retail asset with a single-unit configuration (Parcel ID: 02-0025-0-0011), zoned CMU-3 (Commercial Mixed- Use).
  • Formerly occupied by Advance Auto Parts, a nationally recognized automotive retail tenant, demonstrating the site’s viability for credit tenancy.

OVERVIEW

Sands Investment Group 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 benets 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. In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$140 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vacant Freestanding Retail - Memphis, TN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

CH

APN/PARCEL ID

02-0025-0-0011

ASK ABOUT THIS PROPERTY

Lasha KortavaSands Investment Group Atlanta, LLCMore Info
404-207-1171

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Lasha KortavaSands Investment Group Atlanta, LLCMore Info
404-207-1171

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.