Listing Agency: Grand Point Realty, LLC m***@gmail.com Show Phone

Listed By: Taylor Shaw · License #364814 Show Phone

Source: Compass

Added: Mar 29 Changed: Aug 8 Last Checked: Aug 29 at 2:59PM

Report an Issue

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 Grand Point Realty, LLC

Investment Insights

Based on property information with market context.

This vacant lot, located at 7 W Dempster in Memphis, presents an opportunity for builders and investors. The level lot is situated in a rapidly developing area, with new construction activity nearby. The location offers growth potential, particularly with new developments unfolding downtown. The property is suitable for a cash-flow rental, a short-term rental, or a spec home. This vacant lot is ready for development.

Key Highlights

• Prime location in a rapidly developing area of Memphis
• Vacant, level lot ready for immediate construction
• High potential for cash‑flow rental, Airbnb, or spec home

Property Analytics

Property Profile

Current Use

Residential land & home ...

Suggested Use

Top Pick Law Firm Hair Salon Spa & Massage Center Parking Lot & Garage Nail Salon HVAC Service

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

135

Businesses Nearby

Explore this area Business Placement

Demographics for 38109, TN

42,437

Population

18,881

Households

2.2

Avg Household Size

40

Median Age

14%

College-Educated

87%

High-School Grad

59.7 sq mi

ZIP Area

711

Density / Sq Mi

$36,934

Median Household Income

$30,780

Median Earnings

$1,000

Median Rent

$76,600

Median Home Value

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this residential land & home lots located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Dollar Tree NNN Retail Property

1246 Lamar Ave, Memphis, TN 38104

$1,193,000

8,320 SF

View details

Historic Mixed-Use Property

126 Monroe Ave, Memphis, TN 38103

$875,000

10,187 SF

View details

Freestanding Retail Redevelopment Building

2029 Union Avenue, Memphis, TN 38104

$525,000

7,094 SF

View details

Freestanding Office Units

2004 Exeter, Memphis, TN 38138

$599,000

2,000 SF

View details

Flex Space with Grade Doors

3212 Jean Dr, Memphis, TN 38118

$630,000

11,066 SF

View details

Four-Tenant NNN Retail Center

2094 Frayser Blvd, Memphis, TN 38127

$524,285

2,950 SF

View details

Drive-Thru Coffee Kiosk NNN

1698 Poplar Ave, Memphis, TN 38112

$1,805,000

806 SF

View details

Absolute NNN Wendy’s Restaurant

6781 E Shelby Dr, Memphis, TN 38141

$2,172,276

2,646 SF

View details

Pediatric Medical Center

2860 Covington Pike, Memphis, TN 38128

$3,573,863

19,550 SF

View details

Two-Story Freestanding Flex Facility

299 North Cleveland Street, Memphis, TN 38104

$3,200,000

41,945 SF

View details

Office Condo Units C8 and C9

109 N Main St, Memphis, TN 38103

$250,000

7,774 SF

View details

Apartment Buildings with Recent Improvements

1239 Agnes Pl, Memphis, TN 38104

$550,000

6,777 SF

View details

Frequently Asked Questions

What type of property is this?

Residential land & home lot - Vacant lot in Memphis, ideal for development or investment.

Where is this residential land & home lot located?

The property is located at 7 West Dempster Avenue Memphis, TN.

What are key features of this property?

This property features: Prime location in a rapidly developing area of Memphis; Vacant, level lot ready for immediate construction; High potential for cash‑flow rental, Airbnb, or spec home