Downtown Memphis Development
For Sale
$925,000
386 E PONTOTOC Ave lot 6 4 Pts2&3, Memphis, TN 38126
Land, Memphis, TN
Property SizeContact for details
Lot Size0.80 Acres
Days on Market147
Property Features for 386 E PONTOTOC Ave lot 6 4 Pts2&3
General Information
Property type
Land
Property subtype
Other
Zoning
Check
Subdivision
BLK 50
Standard status
Active
Lot size
0.80 Acres
Listing Agency:
mlsAssist
(901) 266-6000
Listed By:
Bruce Johnson
(901) 266-6000
Added: Apr 2
Changed: Aug 19
Last Checked: Aug 26 at 5:06AM
MLS# 10218351
Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This prime development opportunity is located in the heart of downtown Memphis. The site consists of a combination of three lots, totaling approximately 34,670 square feet, or approximately 0.8 acres. Situated at 4th & Pontotoc, the property is near FedEx Forum and one block from Beale Street, within the Sports & Entertainment District. The zoning allows for mixed-use and residential development, making the property suitable for a boutique infill project. Potential uses include luxury condominiums, apartments, or a parking structure. The site is located within a designated Opportunity Zone and benefits from nearby public and private investment. Adjacent parcels may be purchased for additional future assemblage potential. This strategically located development site is in one of Memphis' most active and evolving districts.
Key Highlights
- Prime downtown Memphis development opportunity: +/-0.8 acre site at 4th & Pontotoc.
- Ideally located near Fed Ex Forum and one block from Beale Street in the Sports & Entertainment District.
- Zoned for mixed‑use and residential development: suitable for condos, apartments, or parking structure.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,333
Businesses Nearby
Explore this area
Business Placement
Demographics for 38126, TN
5,717
Population
3,260
Households
1.8
Avg Household Size
32
Median Age
14%
College-Educated
82%
High-School Grad
1.9 sq mi
ZIP Area
3,009
Density / Sq Mi
$30,825
Median Household Income
$32,396
Median Earnings
$794
Median Rent
$59,000
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Prime mixed-use development site near FedEx Forum and Beale Street.
Where is this commercial land located?
The property is located at 386 E PONTOTOC Ave lot 6 4 Pts2&3 Memphis, TN.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Prime downtown Memphis development opportunity: +/-0.8 acre site at 4th & Pontotoc.; Ideally located near Fed Ex Forum and one block from Beale Street in the Sports & Entertainment District.; Zoned for mixed‑use and residential development: suitable for condos, apartments, or parking structure.
