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    3545 Southern Ave Memphis, TN 38111

    Sponsored
    For Sale
    $550,000

    Prime .61-acre lot, ideal for student housing.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.61-acre property, encompassing two lots located at 3545 & 3549 Southern Avenue in Memphis, Tennessee (zip code 38111), presents a remarkable development opportunity. Situated in Shelby County, this land is zoned for commercial and residential use, making it highly versatile. The asking price is $550,000. Its strategic location within the University of Memphis's expanding area makes it particularly attractive for projects targeting student housing. The University District Overlay zoning allows for the construction of buildings up to five stories high, offering significant potential for multi-family development. This prime location offers excellent access to the university and surrounding amenities, promising strong rental demand. The combined 0.61 acres provide ample space for a substantial project. This is a rare chance to acquire a well-positioned property with significant upside potential in a thriving Memphis neighborhood. Serious inquiries are encouraged.

    Property Features for 3545 Southern Ave

    General Information

    Property type
    Land
    Lot Size
    26,572 SF

    HighLights

    • Ideal for multifamily or student housing development.
    • University District Overlay zoning permits up to a five‑story building.
    • Prime location within the University of Memphis area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Nollner Carondelet Veterinarian

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.944181940809
    Latitude
    35.115365686545

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    FAQs

    What type of property is this?
    Land - Prime .61-acre lot, ideal for student housing.
    Where is this land located?
    The property is located at 3545 Southern Ave Memphis, TN.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Ideal for multifamily or student housing development.; University District Overlay zoning permits up to a five-story building.; Prime location within the University of Memphis area.
    Request Owner's contact information
    3545 Southern Ave Memphis, TN 38111
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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
    3545 Southern Ave Memphis, TN 38111
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