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255 Vance Ave Memphis, TN 38126

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Fantastic lot in emerging Downtown Memphis, near FedEx Forum.

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Listing Contact
Darrell Cobbins
Darrell Cobbins
Source: Tcnworldwide

Listing Agency: Universal Commercial Real Estate LLC Listing Agent: Darrell Cobbins

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Downtown Memphis Development Opportunity

This lot is located in the emerging South City/South Forum section of Downtown Memphis' CBID. The area has seen recent multi-million dollar investments to the north, south, east, and west. These include FedEx Logistics' new corporate headquarters, Wiseacre Brewery's new brewery and taproom, and nearby multi-family development projects. This area is one of the last remaining sections of Downtown Memphis awaiting additional investment and development. Additional nearby parcels (separately-owned) are available for larger site assemblage. The lot is within walking distance of FedEx Forum, home of the Memphis Grizzlies and U of M Tigers, which also hosts concerts and national performances. Beale Street, with its bars, restaurants, and live entertainment, is located due north. Nearby hotels include the recently opened Central Station Hotel, the Arrive Hotel, Westin Beale Street, and the new Hyatt Centric Beale Street. The visible lot is located along the Vance Ave. Corridor, which spans east-west throughout the CBID. It is a short distance from the new 40,000 SF Wiseacre Brewery and Taproom and steps away from Sports & Entertainment (FedEx Forum and Beale Street) and Arts & Culture (South Main District/Orpheum Theatre). The property is located in a Qualified Opportunity Zone and New Markets Tax Credit Census Tract.
Location Intelligence

Current Use by Public Records

Complete Custom Auto Auto Repair Shop

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Memphis
County
Shelby
State
Tennessee
Longitude
-90.053279
Latitude
35.1354697

FAQs

What type of property is this?
Commercial land - Fantastic lot in emerging Downtown Memphis, near FedEx Forum.
Where is this commercial land located?
The property is located at 255 Vance Ave Memphis, TN.
What are key features of this property?
This property features: - Located in an emerging Downtown Memphis area (South City/South Forum) with recent multi-million dollar investments and significant development potential.; - Positioned in a Qualified Opportunity Zone and New Markets Tax Credit Census Tract, offering potential tax benefits.; - Walking distance to FedEx Forum and Beale Street with bars, restaurants, live entertainment.
More about this property
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