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$285,000

CASH ONLY / AS-IS / RARE EAST MEMPHIS INFILL OPPORTUNITY. Unlock a rare chance to secure a nearly 1 acre property - the largest lot on Colonial between Park and Poplar. This elevated 0.88-acre parcel sits in one of East Memphis' most established and desirable areas, surrounded by condos, townhomes, and long-standing residential communities. The 1903 farmhouse is being sold AS-IS, with value primarily in the land, location, and redevelopment potential. This oversized infill site offers a rare opportunity for builders or investors to explore development of 2-4 luxury zero-lot-line homes or a boutique gated community (buyer to verify zoning, subdivision, and approvals). Large parcels of this size are increasingly scarce in East Memphis, making this a strong opportunity for new residential development in a high demand area. Convenient to the Memphis Botanic Garden, Theatre Memphis, Leftwich Tennis Center, Audubon Park, University of Memphis, shopping, dining, and major medical centers.

4 Beds ⋅ 1.1 Baths ⋅ 10220894 MLS

790 Colonial Rd, Memphis

Listing courtesy of Crye-Leike, Inc., REALTORS.