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199 Jefferson Ave - Parking Garage in Downtown Memphis 90,748 SF Specialty Building Offered at $2,100,000 in Memphis, TN 38103

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Investment Highlights

Located in the Downtown Business District of Memphis
New Lighting, Paint and Re-Striping

Comprehensive Renovation Completed 2026

Executive Summary

230 Spaces with an optional 70 rooftop spaces

199 JEFFERSON AVE FLYER AUGUST 2026

Property Facts

Price	$2,100,000	Lot Size	0.54 AC
Price Per SF	$23.14	Building Size	90,748 SF
Sale Type	Investment	No. Stories	4
Property Type	Specialty	Year Built/Renovated	1908/2026
Property Subtype	Parking Garage Specialty Parking Lot Specialty Self Storage	Parking Ratio	3.86/1,000 SF
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	CBD

Price	$2,100,000
Price Per SF	$23.14
Sale Type	Investment
Property Type	Specialty
Property Subtype	Parking Garage Specialty Parking Lot Specialty Self Storage
Building Class	C
Lot Size	0.54 AC
Building Size	90,748 SF
No. Stories	4
Year Built/Renovated	1908/2026
Parking Ratio	3.86/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	CBD

Controlled Access

Property Manager on Site

On-Site Security Staff

1 1

Moderately walkable

70/100

Moderately drivable

70/100

Good public transit

60/100

Moderately bikeable

60/100

Source: Local Logic^®

Property Taxes

Parcel Number	00-2027-0-0003	Improvements Assessment	$42,560
Land Assessment	$157,600	Total Assessment	$200,160

Property Taxes

Parcel Number

00-2027-0-0003

Land Assessment

$157,600

Improvements Assessment

$42,560

Total Assessment

$200,160

(901) 277-8183

Contact

Frank Dyer
Gill Properties, Inc.

Listing ID: 41123593
Date on Market: 7/1/2026
Last Updated:
Address: 199 Jefferson Ave, Memphis, TN 38103

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199 Jefferson Ave, Memphis, TN for sale Building Photo- Image 1 of 10 — Building Photo

199 Jefferson Ave, Memphis, TN for sale Building Photo- Image 2 of 10 — 199 JEFFERSON AVE FLYER 2026

199 Jefferson Ave, Memphis, TN for sale Building Photo- Image 3 of 10 — Building Photo

199 Jefferson Ave, Memphis, TN for sale Building Photo- Image 4 of 10 — Building Photo

199 Jefferson Ave, Memphis, TN for sale Building Photo- Image 5 of 10 — Building Photo

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199 Jefferson Ave, Memphis, TN for sale Building Photo- Image 7 of 10 — Building Photo

199 Jefferson Ave, Memphis, TN for sale Building Photo- Image 8 of 10 — Building Photo

199 Jefferson Ave, Memphis, TN for sale Plat Map- Image 9 of 10 — Plat Map

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199 Jefferson Ave - Parking Garage in Downtown Memphis

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