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Commercial Land with Existing Building
New
For Sale
$350,000

3604 Midland Ave, Memphis, TN 38111

Former fraternity house near the University of Memphis, offered as-is with substantial repairs needed.

Property SizeContact for details
Days on Market3

Property Features for 3604 Midland Ave

General Information

Standard status Active
Property subtype Multi-Family

Building Details

Year Built 1950
Listing Agency: Crye-Leike, Inc., REALTORS
Listed By: Tyler Tapley
Source: Bryanrealty
Added: Sep 13 Last Checked: Sep 14 at 5:21PM

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 Crye-Leike, Inc., REALTORS

Investment Insights

Based on property information with market context.

This commercial land offering includes a former fraternity house positioned near the University of Memphis. The existing structure is being sold as-is and requires substantial repairs, while the site may also be evaluated for redevelopment based on its commercial land classification.

A circular driveway provides on-site parking, and a completed development is located across the street. The property is at 3604 Midland Ave in Memphis, Tennessee, placing the site in an established university-area setting.

Key Highlights

  • Commercial land with a former fraternity house
  • Near the University of Memphis
  • Existing structure sold as‑is

Property Analytics

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Current Use

Zeta Beta Tau High School

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Kitchen & Bath Showroom

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

699
Businesses Nearby

Demographics for 38111, TN

40,533
Population
20,084
Households
2
Avg Household Size
34
Median Age
38%
College-Educated
89%
High-School Grad
9.8 sq mi
ZIP Area
4,136
Density / Sq Mi
$52,806
Median Household Income
$33,449
Median Earnings
$1,077
Median Rent
$165,200
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?
Commercial land - Former fraternity house near the University of Memphis, offered as-is with substantial repairs needed.
Where is this commercial land located?
The property is located at 3604 Midland Ave Memphis, TN.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Commercial land with a former fraternity house; Near the University of Memphis; Existing structure sold as‑is
More about this property
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