The Commonwealth
240 Madison Ave, Memphis, TN 38103
3,138
SF AvailableKey features
- 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.
Rental Details
- Number of spaces 1
- Total square feet available 3,138 SF
- For Lease Contact for pricing
- Space Types Retail
- Lease Type NNN
- Date Updated May 15, 2026
Reach out to the broker for more info on lease terms and amenities
True
For Lease 1 Space Available
Suite 101-102 |
Dustin Jones
Jones Aur Commercial Real Estate |
Contacts
Jones Aur Commercial Real Estate
Building Details
- 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
Attachments
Getting Around
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Walk Score ®
Very Walkable (90) -
Transit Score ®
Good Transit (52) -
Bike Score ®
Very Bikeable (84)
Location
- City Memphis, TN
- Neighborhood Downtown Memphis
- Zip Code 38103
- Market Memphis
Points of Interest
Danny Thomas
0.28 miles
Madison
0.29 miles
South Court
0.29 miles
North Court
0.30 miles
Jefferson
0.32 miles
Union
0.33 miles
Peabody Place
0.40 miles
Civic Center Plaza
0.40 miles
Jefferson Avenue
0.44 miles
Exxon
1.39 miles
Mobil
1.42 miles
BP
1.81 miles
Citgo
1.91 miles
Kroger
1.96 miles
ChargePoint
8.95 miles
Toyota Center Parking Garage
0.12 miles
First Tennessee Bank Parking Garage
0.17 miles
One Memphis Place Garage
0.17 miles
Hilton Garden Inn Lot
0.23 miles
First Place Parking
0.23 miles
One Commerce Square Garage
0.27 miles
Peabody Place Parking Garage
0.29 miles
100 North Main Parking Garage
0.31 miles
60 Madison Ave
0.34 miles
Cordelia's Market
1.22 miles
Viet Hoa Food Market
1.84 miles
Kroger
1.88 miles
Cash Saver
2.34 miles
The Fresh Market
3.37 miles
Superlo Foods
4.31 miles
ALDI
5.85 miles
High Point Terrace Shopping Center
6.23 miles
High Point Grocery
6.24 miles
240 Madison Ave Listing Summary
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The Price for Retail Space at 240 Madison Ave
The cost of renting retail space in a property highly depends on features such as its location, parking availability and type of retail space, or advantages and features that might be unique to it. For details on asking rent or information on other costs, use the contact form available on this page to reach out to the property representative.
240 Madison Ave is located in the Downtown Memphis neighborhood, which is home to a total of 18 retail listing(s). In the case of most businesses that need retail space, access to potential customers is critical. This can come in the form of retail space situated in high-traffic pedestrian areas, or convenient suburban locations with good public transport or plenty of parking. Reach out to the listing broker for information on best parking and other access options at or near the property.
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Retail Space Options Available at 240 Madison Ave
The property exclusively contains Retail space totaling 3,138 square feet. The leasing opportunity here is available under NNN lease terms.
In addition to retail space type, you will also need to consider the space size that you need for your business to operate at its best. You will find 1 retail space(s) ranging from 1,000 square feet to 10,000 square feet at 240 Madison Ave, which can serve small or medium retail businesses that are planning to accommodate growth throughout the duration of their lease at this address. For more information or to schedule a tour of the property, reach out using the contact form on this page to get in touch with a broker.
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Get to Know the Retail Scene in the Downtown Memphis Neighborhood
240 Madison Ave is located in the Downtown Memphis neighborhood of Memphis. The Downtown Memphis retail market offers 18 retail listing(s), representing a total of 44,792 square feet of retail space for lease.
The most common retail type in the Downtown Memphis neighborhood is Creative Office, of which the market currently offers 5 space(s). You can also find 1 Street Retail space(s).
When looking for retail space for your company, picking the right area is essential. Some neighborhoods have a long history of being top shopping destinations in general, while others gain a reputation for strongly representing a specific type of business. In addition to knowing the reputation of your chosen business location neighborhood, it’s also important to know your customer base. For instance, the average Downtown Memphis resident is 36 years old, and the median household income here is $34,015 per year.
Jones Aur Commercial Real Estate