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    1403 Lamar Ave Memphis, TN 38104

    Sponsored
    For Sale
    $130,000

    0.28-acre lot, prime development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.28-acre commercial and residential land parcel presents a unique urban infill opportunity in Memphis, Tennessee's desirable Midtown neighborhood. Located at 1403 Lamar Ave, zip code 38104, this property is zoned RU-4, allowing for a variety of development possibilities. Its strategic location offers excellent interstate access and places it in close proximity to several upscale apartment complexes, including The Venue, The Melrose Midtown, Central Gardens, Ashlar Hall, and The University Club of Memphis. This prime location ensures high visibility and strong potential for future appreciation. The asking price for this exceptional lot is $130,000. The property's proximity to established high-end developments and its convenient access to major transportation routes make it an ideal investment for developers seeking to capitalize on the growing demand for residential and commercial spaces in this thriving area of Memphis. Serious inquiries are encouraged to explore the full potential of this remarkable urban infill opportunity. Shelby County location provides access to a robust infrastructure and a vibrant community.

    Property Features for 1403 Lamar Ave

    General Information

    Property type
    Land
    Lot Size
    12,197 SF

    HighLights

    • 0.28‑acre commercial and residential lot in Memphis, TN's Midtown neighborhood.
    • Located at 1403 Lamar Ave, zip code 38104, RU‑4 zoning.
    • Excellent interstate access and proximity to upscale apartment complexes.
    • Asking price: $130,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.015457
    Latitude
    35.1251589

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    FAQs

    What type of property is this?
    Land - 0.28-acre lot, prime development opportunity.
    Where is this land located?
    The property is located at 1403 Lamar Ave Memphis, TN.
    What is the asking price?
    The asking price for this property is $130,000.
    What are key features of this property?
    This property features: 0.28-acre commercial and residential lot in Memphis, TN's Midtown neighborhood.; Located at 1403 Lamar Ave, zip code 38104, RU-4 zoning.; Excellent interstate access and proximity to upscale apartment complexes.
    Request Owner's contact information
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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
    1403 Lamar Ave Memphis, TN 38104
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