Description
Rare 1.14-acre investment opportunity with excellent redevelopment and value-add potential. This level lot features two existing structures ready for renovation or repositioning, giving investors multiple possibilities to create income-producing space or pursue a larger redevelopment plan, subject to zoning and applicable approvals. The smaller mobile home located beside the main structure will be removed prior to closing. The property also features a large concrete driveway and a substantial detached metal double-carport/covered structure that will remain with the sale. Surrounded by new construction and continued investment in the area, this property offers a unique combination of usable acreage, existing improvements, and flexibility for a variety of future plans. With larger parcels becoming increasingly difficult to find nearby, 3083 Southern presents an opportunity for an investor, builder, or developer to bring their vision to life.
Details
| MLS # | 10228526 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 35 |
| Listing Provided By | The Home Partners Realty | Elliot Cerezo |
Features
| Bed(s) | 1 |
|---|---|
| Bath(s) | 1 Total |
| Story(s) | 2 |
| Acreage | 1.14 |
| Property View | Level, Some Trees, Wooded |
Interior
| Number Of Rooms | 3 |
|---|---|
| Cooling | Other (See REMARKS) |
| Heating | Other (See REMARKS) |
Exterior
| Lot Description | Level, Some Trees, Wooded |
|---|
Area Information
| State | TN |
|---|---|
| County | Shelby |
| City | Memphis |
| Zip Code | 38111 |
| Area | Pendleton | Park |
| Subarea | 757B |
| Community Name | SPOTTSWOOD |
| Listing VS Median (in SPOTTSWOOD) | |
Price: $100,000 low | high Med: $0 On site: 35 low | high Med: | |
Market Activity 38111
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Learn More About This Property
| State | TN |
|---|---|
| County | Shelby |
| City | Memphis |
| Zip Code | 38111 |
| Area | Pendleton | Park |
| Subarea | 757B |
| Community Name | SPOTTSWOOD |
| Listing VS Median (in SPOTTSWOOD) | |
Price: $100,000 low | high Med: $0 On site: 35 low | high Med: | |
