Rare 2.92 Ac Infill Development Site in East Memphis

Development Opportunity

at 533. S Mendenhall, Memphis, TN 38117

Rare 2.92 Acre Infill Site in East Memphis

2.92 Acres Offered for Sale

$4,500,000 or $35.00 psf

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.