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CMU-1 Commercial Land
For Sale
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Pending

2944 Broad, Memphis, TN 38112

Broad Avenue site with three existing structures and options for renovation, office conversion, or new construction.

Property SizeContact for details
Days on Market143

Property Features for 2944 Broad

General Information

Standard status Pending
Property subtype Retail
Listing Agency: EXP Realty LLC
Listed By: Wei Zhai · License #TN 363957
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 6:46AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty LLC

Investment Insights

Based on property information with market context.

This CMU-1-zoned commercial site at 2944 Broad includes three existing structures, including a live-over apartment that could be converted to office space. The property can also be cleared for build-to-suit development, offering alternative paths for reuse or redevelopment.

The site is across from a bike path and near the Arts District, Memphis Zoo, and Chickasaw Country Club. A 176-unit new residential building at The Park is across from Overton Park, while a new community football field is being built on the next block.

Key Highlights

  • CMU‑1‑zoned commercial site on Broad Avenue
  • Three existing structures, including a live‑over apartment
  • Existing apartment could be converted to office space

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Law Firm Skin Care Clinic Bakery Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

696
Businesses Nearby

Demographics for 38112, TN

16,970
Population
7,425
Households
2.3
Avg Household Size
32
Median Age
38%
College-Educated
85%
High-School Grad
4.8 sq mi
ZIP Area
3,535
Density / Sq Mi
$52,639
Median Household Income
$29,576
Median Earnings
$969
Median Rent
$206,900
Median Home Value

Market

Vacancy Rate% for Office in Memphis, TN

14.6% 2019
15% 2020
16.8% 2021
16.2% 2022
17.3% 2023
16.7% 2024
17.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Broad Avenue site with three existing structures and options for renovation, office conversion, or new construction.
Where is this commercial land located?
The property is located at 2944 Broad Memphis, TN.
What are key features of this property?
This property features: CMU‑1‑zoned commercial site on Broad Avenue; Three existing structures, including a live‑over apartment; Existing apartment could be converted to office space
More about this property
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