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Property profile & analytics
FOR SALE
Commercial land

263 Vance Ave Memphis, TN 38126

Property ID
US80-3053042
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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