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Listed by Glenn McDonald Jr • Integrated Assets
$ 40,000
Est. payment | /mo
0.76 Acres Lot
$ 40,000
Est. payment | /mo
0.76 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Speed
MLS Listing ID 3009198
Annual Tax Amount $1,070
Lot Size 0.760 Acres
Acres 0.76
Lot Dimensions 276X121
Property Description
Prime Infill Development Lot Near University of Memphis | RU-3 Zoning | 0.77 Acres Excellent opportunity for builders and investors — this centrally located 0.77-acre parcel (RU-3 zoning) allows for a range of residential development, including single-family, duplex, triplex, or small multifamily (buyer to verify with zoning office). Just minutes from the University of Memphis, Liberty Park, and major transportation routes. An existing cell tower and easement are in place on the site. The lease, originally executed in 2016, includes multiple 5-year renewal options and may have years remaining. Buyers are strongly advised to review the recorded documents (Instruments #16109938 & #19100232) & perform their own due diligence with a real estate attorney to fully understand the easement, any legal rights, or obligations. Drive-by video available on YouTube — search 648 Haynes Memphis Land Lease and easement docs available in MLS attachments.
Location
State TN
County Shelby County
Zoning RU-3
Interior
Fireplace N
Exterior
View Y/N false
Private Pool false
Building
Lot Description Level
Others
Senior Community false
Special Listing Condition Standard
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1033 Demonbreun St Suite 300, Nashville, TN, 37203, USA