2987 Frayser Blvd Memphis, TN 38128
This exceptional 0.36-acre residential land parcel presents a unique investment opportunity in Memphis, Tennessee. Strategically located near major employers like Nike and Amazon, this property offers significant potential for various development projects. The land is comprised of three contiguous lots (084002-00004, 084002-00003, and 084002-00002), totaling slightly over an acre, and will be sold as a single, undivided unit. The address is 2987 Frayser Blvd, Memphis, TN 38128, situated in Shelby County. The asking price for this highly desirable property is $320,000. Its convenient location, proximity to established businesses, and substantial size make it an attractive proposition for investors and developers seeking a prime location in a rapidly growing area. The property's zoning and potential uses should be independently verified. This is a rare opportunity to acquire a significant land holding in a high-demand area. Don't miss out on this chance to secure a piece of Memphis's vibrant future. All offers will be considered.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.