Available Lot for Sale in Prime Downtown Memphis $320,000 0.33 Acre; 14,468 Square Feet Investment Opportunity in Heart of Downtown Memphis, TN
CONTACT: Steve Woodyard, President 901.767.1998 steve@woodyardrealty.com 5865 Ridgeway Center Pkwy., Suite 300 Memphis, TN 38120 WoodyardRealty.com 2
INVESTMENT HIGHLIGHTS # Parcel Address Lot SF Acre Lot Dimensions Assessment Property Taxes City (3.4) County (4.37) Total Zoning 1 002027 00024 0 Court Ave 4,443 0.102 30 1/3 x 148.5 $20,880 $511.36 $657.25 $1,168.61 Central Business 2 002027 00025C 0 Court Ave 10,025 0.230 67.5 x 148.5 $64,800 $1,108.40 $1,424.62 $2,533.02 Central Business Total 14,468 0.332 97.6 x 148.5 $85,680 $1,619.76 $2,081.87 $3,701.63 Investment Overview 3
LOCATION HIGHLIGHTS Downtown Memphis $3+ Billion in development and 68,000+ employees Location 4
LOCATION HIGHLIGHTS MEMPHIS INTRODUCTION Memphis, TN-MS-AR Metropolitan Statistical Area (MSA) is located on the Mississippi River. It is the second-most populated metro area in the state of Tennessee and home to more than 1.3 million residents, headquarters to three Fortune 500 companies, and is America s Aerotropolis, where the 4 R s are exemplified - runway, roadway, rail and river merge here in Memphis Runway: Home to the busiest air cargo airport in North America since 1992 Road: I-40 (3rd busiest trucking corridor in the U.S.) is one of three major interstates in Memphis Rail: Memphis is home to five Class I railroads - BNSF, CSX, Union Pacific, Norfolk Southern and Canadian National AMENITIES AND ENTERTAINMENT FedExForum and the Memphis Grizzlies: The FedExForum arena is located in downtown Memphis, Tennessee and is the largest public building construction project in Memphis history. It is the home of the Memphis Grizzlies of the NBA (one of the youngest franchisees in the NBA, has made six playoff appearances since moving to Memphis) and the men's basketball program of the University of Memphis. The venue also hosts concerts and family shows. Memphis Redbirds and AutoZone Park: Located in the heart of Downtown Memphis, AutoZone Park was named the 2009 Minor League Ballpark of the Year by Baseball America and receives numerous other accolades each year Why Memphis? Memphis is 41st largest metro in U.S. with population over 1.3 million 3rd top exporters of paper and paper products 2nd largest orthopedic device manufacturing center 2nd cargo airport in World, 22 years of being busiest cargo airport in North America 4th Largest inland port, handles more than 13 million tons annually 3rd largest rail center, with five Class 1 Railroads and is home ot the Memphis Redbirds, a St. Louis Cardinals Triple A affiliate baseball team. Beale Street, The Official Home of the Blues, is Tennessee s top tourism attraction, and has been named America s Most Iconic Street. Beale Street is a street in Downtown Memphis, Tennessee, which runs from the Mississippi River to East Street, a distance of approximately 1.8 miles and is the heart of Location Overview 5
LOCATION HIGHLIGHTS The Peabody Hotel: With a style and tradition befitting one of Memphis' grandest, most legendary hotels, The Peabody Memphis offers a magnificent bridge between the "Blues City's" celebrated past and cosmopolitan present. The Peabody itself is also one of Memphis' most beloved attractions, the Peabody Ducks. Bass Pro Shops at the Pyramid s new national destination experience located inside the massive iconic Pyramid in Downtown Memphis, TN. This new, immersive retail experience offers something for everyone from the serious outdoor enthusiast to families looking to have fun. We are much more than just a store. Inside the expansive 535,000-square-foot pyramid are many experiences and features that offer something for everyone. The Pyramid includes a wilderness hotel called Big Cypress Lodge (a 103-room wilderness hotel), nearly 600,000 gallons of water features, a cypress swamp with 100-foot-tall trees an 84,000-gallon alligator habitat, and underwater ecosystems including aquariums teeming with more than 1,800 fish, the interactive Ducks Unlimited Waterfowling Heritage Center, Uncle Buck s Fishbowl and Grill, a nauticalthemed restaurant and bar with a saltwater aquarium and a 13-lane oceanthemed bowling alley, Beretta Fine Gun Center, the nation s tallest 28-Story Freestanding Glass Elevator and The Lookout, a breathtaking glass-floored Graceland, where Elvis lives on, this year completes a $130 million expansion and enhancement for Graceland s visitor's experience which includes its new $45 million state-of-the-art entertainment complex, Elvis Presley s Memphis 40 acres in size -- and welcomed visitors from around the world to its largest and most significant expansion since first opening to the public in 1982. The opening of this expansive entertainment complex follows the tremendously successful grand opening of The Guest House at Graceland resort in October 2016. The Location Overview cantilevering observation deck at the top of Guest House at Graceland is the largest hotel to open in Memphis in 90 years and has received the prestigious Four Diamond rating from AAA. Memphis in May International Festival produces extensive education, international, and economic programs for the city brining the world to Memphis and Memphis to the World. Memphis in May annually hosts the city's largest events like the Beale Street Music Festival and the World Championship Barbecue Cook- 6