Located in an Opportunity Zone within Census Tract 114 - 47157011400 This parcel package is the largest collection of vacant land property currently available within the immediate vicinity of FedEx Forum. It is also the closest available vacant land property to the FedEx Forum. There is immediate proof of concept for condo development on this property. A recent development just 100 feet away from this parcel package featured 12 luxury condominium units that all sold quickly. These high end condominiums prove demand in this area for high end units, and also insulate the parcel package from noise and traffic from Turley Street. Recent re-sales of three of the condos have been over $500,000.00. With street frontage on 4th Street and Pontotoc, there are a wide variety of possible applications for the property. With the exception of a couple of trees, this property is cleared, flat, level and ready to build. Property Zoning is currently split between Sports and Entertainment and South Downtown Residential, which provides a wide variety of possible developments. Options include a parking garage, townhomes, luxury condos, apartments, etc. The adjoining property just to the North of this parcel package (seen in the primary photo as the large parking lot property) was recently purchased by a hotel development group with the intentions of developing multiple hotel sites on the property. Just steps away from historic Beale street, the FedEx Forum, the Orpheum theater, and many other entertainment destinations, this property is in the heart of the tourist and economic center of downtown Memphis. Please no Agent solicitations.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
