For Sale
$550,000

3545 Southern Ave Memphis, TN 38111

Prime .61-acre lot, ideal for student housing.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 0.61-acre property, encompassing two lots located at 3545 & 3549 Southern Avenue in Memphis, Tennessee (zip code 38111), presents a remarkable development opportunity. Situated in Shelby County, this land is zoned for commercial and residential use, making it highly versatile. The asking price is $550,000. Its strategic location within the University of Memphis's expanding area makes it particularly attractive for projects targeting student housing. The University District Overlay zoning allows for the construction of buildings up to five stories high, offering significant potential for multi-family development. This prime location offers excellent access to the university and surrounding amenities, promising strong rental demand. The combined 0.61 acres provide ample space for a substantial project. This is a rare chance to acquire a well-positioned property with significant upside potential in a thriving Memphis neighborhood. Serious inquiries are encouraged.

Highlights

  • Ideal for multifamily or student housing development.
  • University District Overlay zoning permits up to a five-story building.
  • Prime location within the University of Memphis area.

Property Details for 3545 Southern Ave

Property type
Land
Lot Size (sq. ft)
26,572 SF

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.115365686545
Longitude
-89.944181940809

FAQs

What type of property is this?
Land - Prime .61-acre lot, ideal for student housing.
Where is the land located?
The property is located at 3545 Southern Ave Memphis, TN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Ideal for multifamily or student housing development.; University District Overlay zoning permits up to a five-story building.; Prime location within the University of Memphis area.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3545 Southern Ave
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