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    Vance Ave Memphis, TN 38126

    For Sale
    Contact for pricing

    0.4-acre commercial land, prime location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 0.4-acre commercial lot presents a remarkable investment opportunity in Memphis' thriving South City/South Forum area, within the Central Business Improvement District (CBID). Situated on a highly visible corner along the Vance Avenue corridor, this property benefits from its proximity to recent multi-million dollar developments, including FedEx Logistics' new headquarters and the expansive Wiseacre Brewery and taproom. The location offers unparalleled access to entertainment venues such as FedEx Forum and Beale Street, renowned for its vibrant nightlife and diverse culinary scene. Nearby, several high-profile hotels cater to a constant influx of visitors. This property's strategic position within a Qualified Opportunity Zone and New Markets Tax Credit Census Tract further enhances its investment appeal. The site's potential is amplified by the availability of adjacent parcels (separately owned), allowing for the possibility of larger-scale development projects. Don't miss this chance to capitalize on the continued growth and revitalization of Downtown Memphis. This is one of the last remaining undeveloped sections of the CBID, making this a truly unique opportunity.

    Property Features for 0 Vance Ave

    General Information

    Property type
    Land
    Lot Size
    17,424 SF

    HighLights

    • 0.4‑acre corner lot on Vance Avenue in Memphis' Central Business Improvement District (CBID).
    • Prime location near the new 40,000 sq ft Wiseacre Brewery and Taproom.
    • Adjacent parcels available for potential assemblage.
    • Close proximity to FedEx Forum, Beale Street, and South Main Arts District.
    • Located in a Qualified Opportunity Zone and New Markets Tax Credit Census Tract.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0432589
    Latitude
    35.1346149

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    FAQs

    What type of property is this?
    Land - 0.4-acre commercial land, prime location
    Where is this land located?
    The property is located at Vance Ave Memphis, TN.
    What are key features of this property?
    This property features: 0.4-acre corner lot on Vance Avenue in Memphis' Central Business Improvement District (CBID).; Prime location near the new 40,000 sq ft Wiseacre Brewery and Taproom.; Adjacent parcels available for potential assemblage.
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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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