495 Union Ave
Memphis, TN 38103
Value-add Prime HQ Class A Office · Office Property For Sale
INVESTMENT HIGHLIGHTS
- 495 Union Avenue is a 128,672-SF Class A office building with five stories, featuring a modern glass façade, shell space, gated parking, and more.
- Vacant customizable shell space, ideal for a corporate headquarters or investors looking to modernize and lease at competitive market rates.
- Strong corporate presence with over 32 headquarters in the area, including industry giants like FedEx, AutoZone, and First Horizon.
- Located in Downtown Memphis, the property sits between the flourishing Medical District and Downtown, offering prime visibility and connectivity.
- Excellent access to key highways, such as I-69 and I-40, Memphis International Airport, and Memphis Central Amtrak Station for seamless travel.
- Located near the International Port of Memphis and within a foreign trade zone, companies benefit from transportation, logistical, and tax advantages.
PROPERTY FACTS
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
128,672 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
1977
Percent Leased
Vacant
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
25,734 SF
Building FAR
1.00
Lot Size
2.95 AC
Zoning
O
Parking
44 Spaces (0.34 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 00-7006-0-0002C | Improvements Assessment | $1,916,840 |
| Land Assessment | $847,880 | Total Assessment | $2,764,720 |
