- For Lease Contact for pricing
- Property Type Retail - Street Retail
- Property Size 66,004 SF
- Units 40
- Lot Size 0.51 Acre
- Building Class A
- Year Built 1926
- Date Updated May 15, 2026
Description
Originally constructed in 1926 as the Medical Arts Building and comprehensively redeveloped in 2019, this historic mixed-use building offers 3,138 SF of ground-floor retail space featuring high ceilings, large storefront windows, and modern infrastructure. The building also includes 40 modern apartments on the upper floors. Additionally, an optional 1,007 SF of basement space is available, along with a spacious 1,800 SF patio ideal for outdoor dining or retail activation.Originally constructed in 1926 as the Medical Arts Building and comprehensively redeveloped in 2019, this historic mixed-use building offers 3,138 SF of ground-floor retail space featuring high ceilings, large storefront windows, and modern infrastructure. The building also includes 40 modern apartments on the upper floors. Additionally, an optional 1,007 SF of basement space is available, along with a spacious 1,800 SF patio ideal for outdoor dining or retail activation.
Highlights
- Flexible layout suitable for retailers, restaurants, or service-oriented businesses
- Surrounded by residential growth, including 40 on-site apartments and nearby developments like One Beale and the revitalization of the Sterick Building
- Traffic Counts: Union Avenue (13,275 AADT) and S Danny Thomas Blvd (17,697 AADT)
- Within walking distance to major attractions including AutoZone Park, Beale Street, the FedEx Forum, and the Orpheum Theatre.
True
1 Space Available
Suite 101-102
Space Type
Retail
Lease Rate
Contact for pricing
Total Space
3,138 SF
Divisible Space
3,138 - 3,138 SF
Available Date
Immediate
Lease Type
NNN
Renewal Option
Yes
Sublease
No
Contacts
Dustin Jones
Jones Aur Commercial Real Estate
Location
Located at 240 Madison Ave, Memphis, TN 38103, this property is part of the Downtown Memphis neighborhood and Memphis market.
Contact Listing Broker
Dustin Jones
Jones Aur Commercial Real Estate
