Renovated Freestanding Parking
For Sale
Contact for pricing
199 Jefferson Ave, Memphis, TN 11216
Freestanding parking facility with a comprehensive renovation completed in early 2026.
Property Size89,055 SF
Price / SF$23.58
Days on Market62
Property Features for 199 Jefferson Ave
General Information
Standard status
Active
Size
89,055 SF
Total Parking Spaces
300
Property subtype
Special Purpose
Additional Details
Asking Price
$2,100,000
Building Details
Year Built
1908
Year Renovated
2026
Buildings
1
Stories
4
Tenancy
Single
Listing Agency:
Gill Properties Memphis
(901) 866-1101
Listed By:
Frank Dyer III · License #TN 270296
Source:
Crexi
Added: Jul 2
Changed: Aug 30
Last Checked: Aug 30 at 10:05PM
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 was originally built in 1908. A comprehensive renovation was completed in early 2026, updating the property for continued commercial parking use.
The garage is positioned within Memphis’ Downtown Business District at 199 Jefferson Ave. Its freestanding configuration and substantial building area provide an established parking-focused asset in an urban business setting.
The garage is positioned within Memphis’ Downtown Business District at 199 Jefferson Ave. Its freestanding configuration and substantial building area provide an established parking-focused asset in an urban business setting.
Key Highlights
- 89,055 SF freestanding parking garage
- Comprehensive renovation completed in early 2026
- Originally built in 1908
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,917
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Parking lot & garage - Freestanding parking facility with a comprehensive renovation completed in early 2026.
Where is this parking lot & garage located?
The property is located at 199 Jefferson Ave Memphis, TN.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 89,055 SF freestanding parking garage; Comprehensive renovation completed in early 2026; Originally built in 1908
