454 Vance Ave - Freestanding FOR SALE


Memphis, TN 38126- Downtown Memphis
$375,000 USD
901-351-5595
454 Vance Ave, Memphis, TN for Sale
$375,000 USD
Freestanding - FOR SALE
1/2
null | Request Cap Rate

454 Vance Ave
Memphis, TN 38126
Downtown Memphis


HIGHLIGHTS

  • Corner Redevelopment Opportunity in growing Downtown
  • Site qualifies for multiple developer incentives
  • Adjacent to 1,000+ newly developed South City multi-family units
  • Two blocks from FedEx Forum, Home to NBA’s Memphis Grizzlies

OVERVIEW

Myers Commercial Real Estate is pleased to offer the opportunity to acquire this approximately 5,035 square foot building on a 0.15 acre pad site, steps away from the FedEx Forum and other notable Downtown Memphis revitalization. Positioned in a rapidly evolving corridor of downtown Memphis, 454 Vance Avenue presents an exceptional investment opportunity surrounded by transformative new developments. Nestled in between 202 luxury residences at Forum Flat’s high-end apartment homes, and 1-000+ units between Foote Park at South City & Clearborn Pointe at Heritage Landing apartments, this corner location is poised for exponential growth. These new multifamily projects signal increasing demand for residential and commercial space, making 454 Vance Ave the perfect site for a boutique mixed-use development, retail space, or a modern multifamily investment as it’s located in the South Central Business Improvement District , allowing residential and CMU-1 zoned uses by right. 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.

FOR SALE DETAILS

PRICE

$375,000 USD

PRICE/SF

$58 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Redevelopment Corner in Downtown

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

CH

APN/PARCEL ID

00-5015-0-0011

ASK ABOUT THIS PROPERTY

Melanie MyersMyers Commercial Real EstateMore Info
901-351-5595

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Melanie MyersMyers Commercial Real EstateMore Info
901-351-5595

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