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Executive Summary

A rare, large-format commercial building in a high-demand redevelopment area. With flexible zoning, institutional layout, and below-market historical pricing, 2491 Joy Lane is positioned for significant upside through conversion to housing, community services, or specialized programs.

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Property Facts

Sale Type Investment
Sale Condition Redevelopment Project
No. Units 1
Property Type Multifamily
Property Subtype
Apartment
  • Healthcare Assisted Living
  • Healthcare Continuing Care Retirement Community
  • Healthcare Rehabilitation Center
Apartment Style Low-Rise
Building Class B
Construction Status Under Construction
Building Size 34,000 SF
No. Stories 3
Year Built 2026
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
06-0137-0-0163
Land Assessment
$34,520
Improvements Assessment
$145,520
Total Assessment
$180,040
  • Listing ID: 41077462

  • Date on Market: 6/26/2026

  • Last Updated:

  • Address: 2491 Joy Ln, Memphis, TN 38114

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