533 S Mendenhall Rd - Commercial LAND FOR SALE


Memphis, TN 38117- White Station127,195 SF
$4,500,000 USD
901-842-5322
533 S Mendenhall Rd, Memphis, TN for Sale
$4,500,000 USD
Commercial LAND - FOR SALE
1/7
127,195 SF

533 S Mendenhall Rd
Memphis, TN 38117
White Station


OVERVIEW

LOCATION HIGHLIGHTS Prime East Memphis Location with unparalleled access to one of Memphis’ most vibrant and economically viable corridors, a dense cluster of Class A office space with professional firms, medical institutions, financial offices, luxury retail destinations, entertainment and dining, ample amenities and services. Frontage on S Mendenhall near Poplar Avenue with Access to Affluent Demographics Traffic Counts (AADT): Mendenhall Rd – 20,152 ; Poplar Ave—45,761 AVG HH Income: $164,000 AVG Home Value: $481,000 INVESTMENT HIGHLIGHTS Opportunity to Subdivide—Part of a larger 3.7 acre parcel. Century old legacy church will retain its building with adequate parking—offering 2.92 acres for sale. Site Characteristics—Utilities on site. Partially Cleared with tree canopy on perimeter and largely level topography, potentially minimizing the need for extensive grading. Zoning Flexibility—The current zoning — R-10 and CMU-1 — would allow varying uses, including build-for-sale single-family residential, boutique townhome developments, luxury multifamily or mixed-use residences among others. Access to Affluent Demographics -Located in a high-income neighborhood with $164,000 average HH Income and $481,000 average Home Values within one mile radius. Ideal customer base for upscale retail, boutique office, or professional services. DISCLAIMER No warranty or representation, either express or implied, is made to the accuracy of the information contained herein. It is further subject to correction, modification, or withdrawal without further notice. No representation is made as to the condition of the property presented.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/ACRE

$1,541,098/AC

PRICE/SF

$35 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

2.92 ac East Memphis infill development site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

-

LAND ACRES

2.92 AC

LAND SF

127,195 SF

OFFSITE IMPROVEMENTS

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Lea HeiligWoodyard Realty CorporationMore Info
901-842-5322

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Lea HeiligWoodyard Realty CorporationMore Info
901-842-5322

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.