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Rare Downtown Memphis flex/industrial 259 Webster Ave 29,500 SF Industrial Building Memphis, TN 38126 $750,000 ($25.42/SF)
Executive Summary
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
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
Property Facts
| Price | $750,000 | Rentable Building Area | 29,500 SF |
| Price Per SF | $25.42 | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 1949 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 6 |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 1.91 AC |
| Price | $750,000 |
| Price Per SF | $25.42 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.91 AC |
| Rentable Building Area | 29,500 SF |
| No. Stories | 2 |
| Year Built | 1949 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 6 |
| Opportunity Zone |
Yes |
Amenities
- Signage
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 01-1007-0-0003C | Improvements Assessment | $113,640 |
| Land Assessment | $43,280 | Total Assessment | $156,920 |
Property Taxes
Parcel Number
01-1007-0-0003C
Land Assessment
$43,280
Improvements Assessment
$113,640
Total Assessment
$156,920
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