1403 Lamar Ave Memphis, TN 38104
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.
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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Risks
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