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213 N Cleveland St
Memphis, TN 38104
Vacant Freestanding Retail - Memphis, TN · Retail Property For Sale
Investment Highlights
- 213 N Cleveland Street is strategically positioned in the highly desirable Midtown submarket of Memphis, Tennessee.
- Located near Overton Square & Overton Park, home to the Memphis Zoo and the Brooks Museum of Art, the property benefits from consistent foot traffic.
- 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).
- The immediate area features a dense mix of residential communities, national and local retailers, dining options, and cultural attractions.
- Close proximity to major employment hubs such as Methodist University Hospital and the Memphis Medical District supports sustained consumer demand.
- Formerly occupied by Advance Auto Parts, a nationally recognized automotive retail tenant, demonstrating the site’s viability for credit tenancy.
Executive Summary
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
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,675 SF
Building Class
B
Year Built
1997
Price
$795,000
Price Per SF
$140.09
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.64 AC
Opportunity Zone
Yes
Zoning
CH - Commercial
Parking
40 Spaces (7.05 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Bus Line
- Restaurant
- Signage
Property Taxes
| Parcel Number | 02-0025-0-0011 | Improvements Assessment | $140,400 |
| Land Assessment | $105,240 | Total Assessment | $245,640 |
Property Taxes
Parcel Number
02-0025-0-0011
Land Assessment
$105,240
Improvements Assessment
$140,400
Total Assessment
$245,640
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