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2491 Joy Ln 1 Unit Apartment Building For Sale Memphis, TN 38114

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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.

Offering Memorandum

Property Facts

Sale Type	Investment	Building Class	B
Sale Condition	Redevelopment Project	Lot Size	2.00 AC
No. Units	1	Construction Status	Under Construction
Property Type	Multifamily	Building Size	34,000 SF
Property Subtype	Apartment Healthcare Assisted Living Healthcare Continuing Care Retirement Community Healthcare Rehabilitation Centre	No. Stories	3
Apartment Style	Low-Rise	Year Built	2026
Zoning	CMU-3 - commercial mixed use

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 Centre
Apartment Style	Low-Rise
Building Class	B
Lot Size	2.00 AC
Construction Status	Under Construction
Building Size	34,000 SF
No. Stories	3
Year Built	2026
Zoning	CMU-3 - commercial mixed use

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2491 Joy Ln, Memphis, TN - Aerial map view

Somewhat walkable

30/100

Exceptionally drivable

100/100

Limited public transit

30/100

Somewhat bikeable

20/100

Source: Local Logic^®

Property Taxes

Parcel Number	06-0137-0-0163	Improvements Assessment	$202,573 CAD
Land Assessment	$48,054 CAD	Total Assessment	$250,626 CAD

Property Taxes

Parcel Number

06-0137-0-0163

Land Assessment

$48,054 CAD

Improvements Assessment

$202,573 CAD

Total Assessment

$250,626 CAD

(901) 881-2070

Contacts

Jackie Braden
Curtis Braden, CCIM
Braden Braden & Braden LLC

Listing ID: 41077462
Date on Market: 2026-06-26
Last Updated:
Address: 2491 Joy Ln, Memphis, TN 38114

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2491 Joy Ln, Memphis, TN for sale Building Photo- Image 1 of 7 — Renovation Ready Shell

2491 Joy Ln, Memphis, TN for sale Site Plan- Image 2 of 7 — AI Rendering

2491 Joy Ln, Memphis, TN for sale Building Photo- Image 3 of 7 — Shell

2491 Joy Ln, Memphis, TN for sale Other- Image 4 of 7 — Hotel Prior Usage

2491 Joy Ln, Memphis, TN for sale Lobby- Image 5 of 7 — Prior Usage

2491 Joy Ln, Memphis, TN for sale Aerial- Image 6 of 7 — Building Photo

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