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Renovated Freestanding Parking Garage
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199 Jefferson Ave, Memphis, TN 11216

Freestanding parking facility with a newly renovated interior in the Downtown Business District.

Space Size89,055 SF
Days on Market63

Property Features for 199 Jefferson Ave

General Information

Standard status Active
Size 89,055 SF
Net Rentable 89,055 SF
Total Parking Spaces 300
Property subtype Special Purpose

Space & Availability

Available Space 89,055 SF
Contiguous Space 89,055 SF
Space Use Parking Garage

Building Details

Year Renovated 2026
Tenancy Single
Building Size 89,055 SF

Spaces For Lease

at 199 Jefferson Ave Contact us

Whole Building

Type
Special Purpose
Availability
Active
Contact us
Listing Agency: Gill Properties Memphis
Listed By: Frank Dyer III · License #TN 270296
Source: Crexi
Added: Jul 2 Changed: Aug 31 Last Checked: Aug 30 at 9:59PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gill Properties Memphis

Investment Insights

Based on property information with market context.

This freestanding parking garage contains 89,055 SF and underwent a comprehensive renovation completed in early 2026. The property includes improvements supporting its continued use as a parking facility.

Located at 199 Jefferson Ave in Memphis, TN, the garage is positioned within the Downtown Business District.

Key Highlights

  • 89,055 SF freestanding parking garage
  • Comprehensive renovation completed in early 2026
  • Located at 199 Jefferson Ave in Memphis, TN

Property Analytics

Current Use

Premier System Parking Parking Lot & Garage

Suggested Use

Top Pick Furniture & Home Goods (Bike/Boat/Book/etc) Store Veterinary Clinic Hair Salon Pet Grooming Service Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,917
Businesses Nearby
Well-served
Demand for This Use
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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Frequently Asked Questions

What type of property is this?
Parking lot & garage - Freestanding parking facility with a newly renovated interior in the Downtown Business District.
Where is this parking lot & garage located?
The property is located at 199 Jefferson Ave Memphis, TN.
What are key features of this property?
This property features: 89,055 SF freestanding parking garage; Comprehensive renovation completed in early 2026; Located at 199 Jefferson Ave in Memphis, TN
(901) 866-1101 Call to check price and availability
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