Property summary
This exceptional 0.26-acre lot presents a unique investment opportunity in the heart of downtown Memphis, Tennessee. Situated within a federally designated Opportunity Zone, this property offers significant tax advantages for developers seeking to capitalize on its prime location and revitalization potential. The site's proximity to Beale Street, the FedEx Forum, and the National Civil Rights Museum provides unparalleled access to Memphis' vibrant cultural scene and tourist attractions. Its central location offers easy access to a variety of amenities, including restaurants, shops, and recreational spaces like Tom Lee Park. This versatile lot is well-suited for a range of development projects, including residential, commercial, or mixed-use constructions, catering to the growing demand for housing and commercial spaces in this rapidly developing area. The property's location within a thriving neighborhood undergoing significant economic growth makes it an attractive prospect for investors seeking both short-term and long-term returns. The potential for rental income or redevelopment further enhances its appeal. This is a rare chance to contribute to the ongoing transformation of downtown Memphis while benefiting from substantial tax incentives. The property's APN is 005027 00010, and it is located at 337 S 4th St, Memphis, TN 38126. The property is being sold by owner.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The purpose of this district is to encourage new residential neighborhood development in the South Downtown Area.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
SDR · Memphis, TNThe purpose of this district is to encourage new residential neighborhood development in the South Downtown Area.
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The purpose of this district is to encourage new residential neighborhood development in the South Downtown Area.
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for SDR in Memphis, TN.
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Find the owner behind the property.
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