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    618 N 3Rd St Memphis, TN 38107

    For Sale
    $150,000

    Commercial - Memphis, TN

    Days on Market:
    142
    Last Refresh:
    Dec 5 at 3:06 pm

    Property Features for 618 N 3Rd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Year built
    1940
    Architectural style
    Other

    KAIZEN Realty (901) 221-4041 [email protected]

    Listing agent Pariss Smith, BPS (901) 221-4041

    Listing date Jul 17, 2025

    MLS# 10189482 Listing URL

    Copyright © 2025 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Corner Lots Near Downtown Memphis

    These two lots are conveniently located on a corner, across from other businesses. The combined lots are suitable for the construction of apartments, townhomes, or single-family homes. The property is located within walking distance of St. Jude Children's Research Hospital and Bass Pro Shops at The Pyramid, and is just minutes away from downtown Memphis, The Mississippi River, Beale Street, FedExForum, The Orpheum Theatre, and Harbor Town. The property is surrounded by paved alleyways and streets, features a concrete perimeter, and has sidewalks on the front. All vehicles will be removed from the lots prior to closing. The adjacent lot is located at 620 N. Third St, Memphis, TN 38107, Parcel ID: 001075 00010. Only the lots are for sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dawson Complete Auto ... Auto Repair Shop

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0436952
    Latitude
    35.1605934

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    FAQs

    What type of property is this?
    Residential land & home lot - Two combined lots ideal for residential development near downtown Memphis.
    Where is this residential land & home lot located?
    The property is located at 618 N 3Rd St Memphis, TN.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Prime location within walking distance of St. Jude Children's Research Hospital and Bass Pro Shops at The Pyramid.; - Two adjacent lots being sold together for one price ($150,000), suitable for apartments, townhomes, or single-family homes.; - Minutes away from downtown Memphis, The Mississippi River, Beale Street, FedExForum, The Orpheum Theatre, & Harbor Town.
    (901) 221-4041
    Request Owner's contact information
    618 N 3Rd St Memphis, TN 38107
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    Memphis, TN 38107
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    618 N 3Rd St Memphis, TN 38107
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