Listed by Gill Properties Memphis
$2,100,000
199 Jefferson Ave Parking Garage
Details
Property Type Special Purpose
Sub Type Garage/Parking
Square Footage 89,055
Tenancy Single
Year Built 1908
Year Renovated 2026
Stories 4
Acreage 0.540
Parking Spaces 300 spaces
Parking per 1,000 SqFt 3.37
Ground Lease Yes
Ceiling Height 40'
199 Jefferson Ave, Memphis, TN 11216
Marketing description
89,055 SF Freestanding Parking Garage located at 199 Jefferson Ave in Memphis, TN. Newly renovated and located in the Downtown Business District. Offered at $2.1M for sale or ground lease. Comprehensive renovation completed early 2026 with $200K in improvements.
Investment highlights
- Newly Renovated
- Located in the Downtown Business District
- 89,055 SF Freestanding Parking Garage on a .54 lot
- Offered at $2.1M
- Comprehensive Renovation completed early 2026 with $200K in improvements
- Four lit Floors with 300 Parking Spaces
- Multiple Offices & Storage Spaces
- Multiple Drive-In Doors
- New High-Speed Automatic Front Door
- Camera System installed throughout
- Roof: Repaired and Sealed
- All Drains Repaired
Listing Contacts
Listed by Gill Properties Memphis
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