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Mobile Home Park With Restaurant
For Sale
$200,000

3023 LAMAR Ave, Memphis, TN 38114

Commercial/Industrial, Memphis, TN

Property SizeContact for details
Days on Market132

Property Features for 3023 LAMAR Ave

General Information

Property type Commercial Sale
Property subtype Other
Subdivision Lamar-Semmes
Standard status Active

Taxes and HOA fees

Tax Annual Amount 2997

Building Details

Year built 1942
Listing Agency: Morris Realty & Auction, LLC
Listed By: Valerie Russo
Added: May 14 Changed: Sep 22 Last Checked: Sep 22 at 11:06PM
MLS# 10221549

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This mobile home park property includes a restaurant building, duplex, two mobile homes, a mailbox hub, and multiple storage sheds. The park provides 65+/- mobile home spaces. The duplex is configured as two sides, with both sides occupied, while one mobile home and three spaces have monthly occupants. The restaurant is currently unoccupied.

Located at 3023 Lamar Ave in Memphis, the property has road frontage and combines residential, commercial, and support improvements within one offering. The structure dates to 1942.

Key Highlights

  • 65+/- mobile home spaces
  • Includes restaurant, duplex, 2 mobile homes, mailbox hub, and multiple storage sheds
  • Duplex has both sides occupied

Property Analytics

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Current Use

Mobile home & RV ...

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Skin Care Clinic HVAC Service Gym & Fitness Center Spa & Massage Center

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

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

314
Businesses Nearby

Demographics for 38114, TN

23,559
Population
12,252
Households
1.9
Avg Household Size
38
Median Age
14%
College-Educated
82%
High-School Grad
7.6 sq mi
ZIP Area
3,100
Density / Sq Mi
$32,080
Median Household Income
$28,570
Median Earnings
$897
Median Rent
$79,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mobile home & RV park - Income property with a duplex, mobile homes, storage sheds, and an on-site restaurant component.
Where is this mobile home & rv park located?
The property is located at 3023 LAMAR Ave Memphis, TN.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 65+/- mobile home spaces; Includes restaurant, duplex, 2 mobile homes, mailbox hub, and multiple storage sheds; Duplex has both sides occupied
More about this property
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