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    Vance Ave Memphis, TN 38126

    For Sale
    Contact for pricing

    Prime Memphis development land near downtown attractions.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 7+ acre vacant land parcel presents a unique investment opportunity in the heart of Memphis, Tennessee. Strategically located south of the FedEx Forum, Beale Street, and the Redbirds Stadium, this property represents one of the last large undeveloped tracts available within the Central Business Improvement District (CBID). Its prime location offers unparalleled access to major transportation arteries, thriving entertainment venues, and a vibrant urban landscape. The property's size and location make it ideal for a wide range of commercial developments, including but not limited to, mixed-use projects, hospitality ventures, or large-scale retail establishments. The sale is structured as a 1031 exchange, providing significant tax advantages for qualified investors. Detailed site surveys and environmental reports are available upon request. This is a rare chance to acquire a substantial piece of Memphis's burgeoning urban core, offering exceptional potential for significant return on investment. The property is situated in Shelby County, Tennessee, with a Memphis, TN 38126 zip code. The address is Vance Avenue. This is a truly remarkable opportunity for discerning investors seeking a high-impact development project in a dynamic and rapidly growing market.

    Property Features for 0 Vance Ave

    General Information

    Property type
    Land

    HighLights

    • 7+ acre vacant land parcel in Memphis, TN.
    • Located south of FedEx Forum, Beale Street, and Redbirds Stadium, within the Central Business Improvement District (CBID).
    • Prime location offers easy access to major transportation and entertainment venues.
    • Suitable for mixed‑use, hospitality, or large‑scale retail development.
    • Offered as a 1031 exchange.
    • Located on Vance Avenue, Memphis, TN 38126 (Shelby County).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.052926705789
    Latitude
    35.134662386192

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    FAQs

    What type of property is this?
    Land - Prime Memphis development land near downtown attractions.
    Where is this land located?
    The property is located at Vance Ave Memphis, TN.
    What are key features of this property?
    This property features: 7+ acre vacant land parcel in Memphis, TN.; Located south of FedEx Forum, Beale Street, and Redbirds Stadium, within the Central Business Improvement District (CBID).; Prime location offers easy access to major transportation and entertainment venues.
    (404) 210-7302
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Vance Ave Memphis, TN 38126
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