3083 Southern Ave, Memphis, TN 38111

Property 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.