.jpg?height=675 "Historic Downtown / Edge District Opportunity")
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Space Available For Lease 1
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Andrew Phillips
Colliers
Ed Thomas
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Property Details
- Property Type Retail
- Date Updated Oct 3, 2026
The property at 421 Monroe Avenue is a Historic Building in the Edge District of Memphis, Tennessee. It was built in 1917 and is on the National Register of Historic Places. The Floorplan - Basementsquare foot former Cycle Shop sits on .58 acres and has two stories plus a basement. It is constructed of concrete and brick and with it's location in the Downtown Memphis Submarket it would be perfect for office, showroom or retail use. In addition it carries a SE zoning which allows it to be used for sports, entertainment and more.The first and second floors have about 10,200± square feet each, however the first floor also has 955± square foot mezzanine. The basement is 6,361± square feet and can easily be converted to a parking garage with 12 proposed parking spaces. The adjacent outdoor lot will accomadate 21 regular parking spaces and 2 handicapped spaces.
The Edge District - Located in Memphis’ primary medical district and anchored on one end by Sun Studio and AutoZone Park on the other, The Edge District is an energetic, rapidly evolving neighborhood in Memphis, Tennessee, situated right where Downtown and Midtown collide. Historically famous as mid-20th-century "Auto Row"— the area has undergone a major revitalization.
Walkability - The walk from 421 Monroe Avenue to the core of the Medical District takes about 16 minutes. The walk offers wide sidewalks and a pedestrian crosswalk and is highly urban and flat. It also passes Health Sciences Park and the University of Tennessee Health Science Center (UTHSC) campus.
Neighboring Touist Attractions - Sun Studio: The legendary birthplace of rock ‘n’ roll—where Elvis Presley and Johnny Cash recorded—is just blocks away and draws massive global tourism to the neighborhood. The Ravine: A converted, sunken industrial limestone valley transformed into a vibrant public green space, pedestrian pathway, and outdoor community event hub. Edge Motor Museum: A dedicated automotive museum showcasing the history of American sports cars, paying homage to the Edge District’s origins as Memphis’s original “Auto Row”.
Reach out to the broker for more info on lease terms and amenities
Highlights
- 1st floor - 10,200± SF with a 955± SF mezzanine
- 2nd floor - 10,200± SF
- Basement - 12 proposed parking spaces
- Basement - 6,361± SF
- Built in 1917 and on the National Register of Historic Places
- Concrete & brick construction
- Downtown Submarket
- In The Edge District
- On .58± AC
- Outdoor lot - 21 regular parking spaces & 2 handicapped
- Perfect for office, showroom or retail use
- SE (sports and entertainment zoning district)
- Total building - 29,112± SF
Getting around
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83/100
Walk Score ®
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49/100
Transit Score ®
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75/100
Bike Score ®
Location
- City Memphis, TN
- Neighborhood Downtown Memphis
- Zip Code 38103
- Market Memphis
Points of Interest
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Danny Thomas
0.12 miles
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Orleans
0.32 miles
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Third Street
0.39 miles
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Dunlap
0.61 miles
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Madison
0.62 miles
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Union
0.62 miles
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South Court
0.63 miles
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Peabody Place
0.64 miles
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North Court
0.64 miles
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Jefferson
0.66 miles
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Valero
0.56 miles
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Exxon
1.33 miles
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Mobil
1.35 miles
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BP
1.54 miles
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Citgo
1.67 miles
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Kroger
1.68 miles
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ChargePoint
8.63 miles
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Metropolis
0.26 miles
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Hilton Garden Inn Lot
0.42 miles
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Toyota Center Parking Garage
0.44 miles
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Peabody Place Parking Garage
0.46 miles
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One Memphis Place Garage
0.48 miles
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First Tennessee Bank Parking Garage
0.49 miles
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FedEx Forum Parking Garage
0.56 miles
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First Place Parking
0.56 miles
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One Commerce Square Garage
0.56 miles
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100 North Main Parking Garage
0.64 miles
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Trolley Street Market
0.31 miles
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Wendy's
0.41 miles
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Lew's Blue Note Bar and Grill
0.42 miles
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Capriccio Grill
0.48 miles
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Chez Philippe
0.48 miles
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Dyer's Burgers
0.49 miles
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KFC
0.50 miles
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Charles Vergos' Rendevous
0.51 miles
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Rum Boogie Cafe
0.52 miles
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Peabody Corner Bar
0.53 miles
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Peabody Place
0.52 miles
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Cordelia's Market
1.50 miles
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Viet Hoa Food Market
1.54 miles
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Kroger
1.62 miles
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Cash Saver
2.04 miles
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The Fresh Market
3.06 miles
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Superlo Foods
3.97 miles
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ALDI
5.51 miles
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High Point Terrace Shopping Center
5.96 miles
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High Point Grocery
5.96 miles
421 Monroe Ave Listing Brief
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A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.
421 Monroe Ave is located in Downtown Memphis, which is home to a total of 25 listing(s). The rent for retail space at 421 Monroe Ave is available upon request. Feel free to reach out using the contact form conveniently included on this page to find out more about what the property can offer for your business.
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The property includes 29,112 square feet of retail space for lease. Of this total, 29,112 square feet are Retail.
For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.
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You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.
Knowing your ideal customer is essential. For your consideration, the average age of residents in Downtown Memphis is 36. The average household income here is $34,015 per year.
