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Property profile & analytics
OFF-MARKET
Commercial real estate

1403 Lamar Ave Memphis, TN 38104

0.28 ac lot
Individually Owned 4-yr Hold
Property ID
US80-3451751
Property summary
AI-generated overview

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 profile
Verified
Property type Commercial real estate
Lot 0.28 ac (12,197 SF)
UPID US80-3451751
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Ahmed Saffarini · 4 yrs held
Ahmed Saffarini
since 2021
1 recorded transaction
2021
$33,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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