Downtown Memphis Development
255 Vance Ave., Memphis, TN 38126
- Added:
- Mar 6, 2026
- Days on Market:
- 82
- Last Refresh:
- Apr 6 at 12:56 am
Property Features for 255 Vance Ave.
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing agent Darrell Cobbins License #278933 (901) 249-9744
Listing office Universal Commercial Real Estate LLC (901) 249-9744
Listing date Mar 6, 2026
Source Tcnworldwide
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 Universal Commercial Real Estate LLC
HighLights
- 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.
- Proximity to newly developed hotels including Central Station Hotel, Arrive Hotel, Westin Beale Street, and Hyatt Centric Beale Street.
- Close to the new 40,000 SF Wiseacre Brewery and Taproom.
- Additional nearby parcels are available for larger site assemblage.
Overview
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.
Property Profile
Location Intelligence
Current Use by Public Records
Complete Custom Auto
Auto Repair Shop
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.0533
- Latitude
- 35.1355
Nearby Similar for Sale
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.
