3796 Lamar Ave Memphis, TN 38118

This exceptional 33.17-acre Memphis property offers a unique redevelopment opportunity. The campus comprises three buildings totaling over 313,000 square feet, including a 271,500-square-foot, three-story concrete structure, a 22,500-square-foot data center, and a 19,000-square-foot recreational building. The property boasts 1,100 parking spaces and is strategically located just 0.5 miles from Memphis International Airport, offering convenient access to I-22 and the I-22/I-240 interchange. Its proximity to the BNSF rail yard provides access to all three major transportation modes. Built in 1966 and 1979, with renovations in 1994, the property features 12-foot ceilings and one loading dock. The CMU-2 zoning permits a variety of uses. The land value is $3.87 per square foot, and the asking price is $5,600,000. This distressed property presents significant potential for various development projects, priced attractively below new construction costs. The property's history includes use as a Holiday Inn and FedEx world headquarters.