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255 Vance Ave Memphis, TN 38126

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For Sale
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Prime .45 acre lot, South City opportunity.

Property Features for 255 Vance Ave

General Information

Property type
Land
Lot Size
19,820 SF

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Listing Contact
Darrell Cobbins
Darrell Cobbins

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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Property Insight Report

Overview

This exceptional 0.455-acre commercial and residential land parcel presents a unique investment opportunity in Memphis, Tennessee's burgeoning South City/South Forum area, within the Central Business Improvement District (CBID). The property boasts high visibility along Vance Avenue, a major east-west corridor. Its strategic location places it within easy walking distance of FedEx Forum, home to the Memphis Grizzlies and University of Memphis Tigers, as well as Beale Street's vibrant entertainment district. Nearby amenities include numerous hotels, such as the Central Station Hotel, Arrive Hotel, Westin Beale Street, and the Hyatt Centric Beale Street. The area is experiencing significant revitalization, with recent multi-million dollar investments in surrounding properties, including FedEx Logistics' new corporate headquarters and the new Wiseacre Brewery and taproom. This site is part of a Qualified Opportunity Zone and New Markets Tax Credit Census Tract, offering potential tax advantages. The property's proximity to the Butler Row development and other multi-family projects underscores its potential for substantial growth. Furthermore, the availability of additional, separately-owned parcels nearby allows for the possibility of larger-scale site assemblage. This presents a rare chance to capitalize on the continued expansion and development of this dynamic section of Downtown Memphis. Don't miss this chance to be part of the exciting transformation of South City.
Property Profile Insight Report 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

  • Map
  • Local Demand
City
Memphis
County
Shelby
State
Tennessee
Longitude
-90.053271396737
Latitude
35.135550379408

FAQs

What type of property is this?
Land - Prime .45 acre lot, South City opportunity.
Where is this land located?
The property is located at 255 Vance Ave Memphis, TN.
What are key features of this property?
This property features: High-visibility lot on Vance Avenue in the Central Business Improvement District (CBID).; Adjacent to the new 40,000 SF Wiseacre Brewery and Taproom.; Opportunity for larger site acquisition with adjacent parcels available.
(901) 249-9744 Call to check price and availability
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