Rare 2.92 Ac Infill Development Site in East Memphis

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🔥 UNPARALLELED EAST MEMPHIS LAND PLAY 🔥

533 S. Mendenhall, Memphis, TN 38117

2.92 ac I $4,500,000 ($35 PSF)

For vision-driven developers: rare chance to seize a premier site during a window of reduced competition.

Sellers are motivated and pricing is negotiable.

INVESTMENT 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, retail and affluent neighborhoods.

Frontage on S Mendenhall near Poplar Avenue

Traffic Counts (AADT): Mendenhall Rd – 20,152 ; Poplar Ave—45,761

AVG HH Income: $164,000

AVG Home Value: $481,000

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.

Flexible Zoning—R-10 and CMU-1 zoning allows for varying uses, including build-for-sale single-family residential, boutique townhomes, luxury multifamily or mixed-use among others.

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.