259 Webster Ave - Warehouse FOR SALE


Memphis, TN 38126- Downtown Memphis
$750,000 USD
901-351-5595
259 Webster Ave, Memphis, TN for Sale
$750,000 USD
Warehouse - FOR SALE
1/14
null | Request Cap Rate

259 Webster Ave
Memphis, TN 38126
Downtown Memphis


OVERVIEW

Downtown Memphis Industrial Building & 1+acre Lot | Owner Financing Available Myers Commercial Real Estate is pleased to offer the opportunity to acquire 259 EAST WEBSTER AVENUE, MEMPHIS, TN 38126 a Rare Downtown Memphis flex/industrial opportunity featuring ±1.95 acres of land—a highly scarce offering Memphis’ urban core. The property includes an existing ±29,500 SF building with at six (6) grade-level roll up garage doors, ideal for redevelopment or repositioning for warehouse, distribution, service, or creative industrial use. Strategically located within the South Downtown and Central Business Improvement Districts, the site benefits from enhanced zoning flexibility and potential City of Memphis incentives, allowing for a wide range of commercial uses. With immediate access to Downtown, major interstates, and surrounding redevelopment corridors, this property offers unmatched scale, accessibility, and upside in one of Memphis’ fastest-growing submarkets. As downtown Memphis continues its renaissance, this property offers a rare chance to capitalize on the city’s booming real estate landscape. Don’t miss out on securing your place in one of Memphis’ most promising growth corridors! Owner financing available. Note: This site was a former auto garage / car storage site. Phase 1 and Environmental reports have not been completed to confirm any environmental concerns. Investment highlights Six 10 ft.+ Roll Up Doors & Cleared 1.5+ acre lot Site qualifies for multiple developer incentives for redevelopment Located in Downtown Industrial area and 1,000+ newly developed South City multi-family units Less than 1 miles East of I-55/I-69 corridor and South of I-240 Loop

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$25 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Rare Downtown Memphis flex/industrial

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

6

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.91

LAND SF

83,116

ZONING

-

APN/PARCEL ID

01-1007-0-0003C

ASK ABOUT THIS PROPERTY

Melanie Myers BlandMyers Commercial Real EstateMore Info
901-351-5595

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Melanie Myers BlandMyers Commercial Real EstateMore Info
901-351-5595

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.