3545 Southern AveMemphis, TN 38111

Property Details for 3545 Southern Ave

Year built

1926

Lot size

0.30 AC

Property size (Sq ft)

3,216 SF

Zone code

CMU-2

Property type

Specialty properties

APN

046-011- - -00001

APU

4601100001

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $530,386

  Hospitality

  $485,830

  Educational

  $404,205

  Medical

  $418,106

  Retail

  $628,764

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.1152

Longitude

-89.944

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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