This 1996 statue of Elvis, as well as a statue of B.B. King are located inside a visitors information center located along Riverside Dr. in downtown Memphis.
This note is from Roadside America, talking about its previous location:
In 1980 the world's first bronze Elvis statue was unveiled on Beale Street, where the future King of Rock and Roll crafted his early musical style. But the statue, by Eric Parks, proved too delicate for the elements and souvenir-crazed fans, who stripped its guitar strings and tore the tassels from Elvis's suit. It was taken down in 1994 and moved indoors to the downtown Memphis Tennessee Welcome Center.
www.roadsideamerica.com/story/34517
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