MEMPHIS, TN (abc24.com) - The last bus left the old Greyhound bus station in downtown Memphis a year and a half ago, and yet the building on Union remains empty. Now Memphians are ready to see something occupy the blighted property.
Real estate agents call the property "prime real estate."
Memphian Tenisa Moss called it "raggedy, torn up, no signs nowhere." She works next door to the old Greyhound bus station. "Just being right here, all the nice buildings are occupied - this building makes the whole downtown look bad."
Greyhound moved its bus terminal from downtown to near the airport, in Whitehaven, in November 2011. The building has been empty ever since.
"It looks a lot better than it did originally," said Paul Morris, President of the Downtown Memphis Commission. He says the old bus station is one of many vacant buildings downtown. "We've got a lot of blighted properties next to beautiful properties."
Morris says the location of the old station is ideal. "It's near the Peabody Hotel, AutoZone Park, FedexForum, Beale Street, so there's a lot of opportunity there - it needs to be something great."
Despite its good location, Morris isn't surprised the nearly 1.5 acre piece of land hasn't been sold.
"It just takes time. We wish it would happen faster. We get as frustrated and impatient as anybody but it takes time," he said. "It's not surprising with the real estate market over the last several years being slow, and now we're starting to get out of the recession, real estate market recovers. I'm optimistic we can get something done to put together a deal."