Property profile

263 Vance Ave Memphis, TN 38126

FOR SALE
Commercial land
Property ID
US80-3053042
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263 Vance Ave, Memphis, TN 38126 For Sale
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263 Vance Ave, Memphis, TN 38126
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Property summary

AI-generated overview

Fantastic lot in the emerging South City/South Forum section of Downtown Memphis' CBID. Recent multi-million dollar investments occurring- north, south, east, and west of this location. From FedEx Logistics' new corporate headquarters to Wiseacre Brewery's new brewery and taproom, to nearby multi-family development projects. This territory represents 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. Walking distance to FedEx Forum where the Memphis Grizzlies/U of M Tigers play, as well as concerts and national performances on a regular basis. Beale Street is due north where bars, restaurants, and live entertainment can be enjoyed seven days a week. Nearby hotels include the recently opened Central Station Hotel, the Arrive Hotel, Westin Beale Street, and the new Hyatt Centric Beale Street. Don't miss this great opportunity to get in the game!!!

Property profile

Verified
Property type Commercial land
UPID US80-3053042

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

263 Vance Ave Memphis, TN 38126
Memphis metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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