Office for Sale in Memphis, TN

  • Price: $5.3M
  • Listing type: For sale
  • Asset type: Office
  • Location: Memphis, TN 38103

Description

Unique 16,525 SF Office/Retail Building For Sale CBRE, Inc. is pleased to offer for sale 400 Union Avenue, a highly visible and accessible property on a major street in downtown Memphis, with improvements consisting of a 3 level (2 above grade, 1 below) commercial building with large, controlled access surface parking lot. The building was fully renovated in 2016-2017 for a new Class A recording studio and associated office space. The property is located within CBD zoning.

Market Context

This office in Memphis, TN is listed for sale at $5,300,000. It has been on the market for 164 days. Compare it against other office listings for sale in Memphis, TN — <a href="/search/sale/office/tennessee/memphis">view the full market</a>.

As of Q1 2026, the Memphis office market showed a 6.0% vacancy rate, average asking rents near $55.08/SF/yr, and rents up 0.4% year over year. Source: CBRE Q1 2026 market report.

Tight vacancy keeps competition for quality space elevated.

Office market FAQ

Is the Memphis office market tightening or softening?
Vacancy is around 6.0% (Q1 2026).

Unified Estimate

Medium Confidence

$18.45/SF – $22.73/SF

Mid: $21.70/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

Contact

Explore this market

Similar Office for Sale in Memphis, TN