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3023 Lamar Ave

Memphis, TN 38114
  • $550,000
  • STATUS: Active
  • ON SITE: 27 Days
  • ID#: 10140233
UPDATED: 106 min ago
$550,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1940
County:

School Ratings & Info

Description

Redevelopment opportunity-Available for Sale or land lease are 3.8 acres in Memphis, Tennessee. The land is currently being used as a mobile home park with 65 pads per owner. 8 areas are currently being leased. There is a duplex on the property and a shell building that has recently been renovated by the seller. The land, trailers, buildings are available for sale or for ground lease. Owner is open to leasing the land for commercial development or use. zoning CMU1 CMU3

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© 2023 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Wallace Group Home & Loan | Keller Williams Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2023-02-08T00:03:07.807.
www.gowallacegroup.com/homes/135990162
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3023 Lamar Ave Memphis, TN 38114

  • Price: $550,000
  • Status: Active
  • On Site: 27 Days
  • Updated: 106 min ago
  • ID#: 10140233
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1940
Built
Neighborhood:
Lamar-Semmes
County:
Shelby
Area:
Pendleton/Park
Property Description
Redevelopment opportunity-Available for Sale or land lease are 3.8 acres in Memphis, Tennessee. The land is currently being used as a mobile home park with 65 pads per owner. 8 areas are currently being leased. There is a duplex on the property and a shell building that has recently been renovated by the seller. The land, trailers, buildings are available for sale or for ground lease. Owner is open to leasing the land for commercial development or use. zoning CMU1 CMU3
Exterior Features

Buildings 1 Location CityFree StandingOther (See Remarks) Lot Size 3.81AC Parking Facility Asphalt/BlacktopGravel Road Frontage Us Highway Roof MetalOther (Call La) Truck Loading Door Height No Truck Door

Interior Features

Average Ceiling Height Less Than 8 Ft Cooling System Other (See Remarks) Floors Other (See Remarks) Foundation Other (Call La)Slab Heating System GasOther (See Remarks) Hot Water Other (See Remarks)Public SewerPublic Water Seating Capacity 51-75

Property Features

Actual Annual Rent 35700 Annual City Tax 2930 Annual County Tax 3726 Annual Operating Expenses 4832 Commercial Type Commercial Contingency Type No Contingency Existing Financing Other (See Remarks) Information Available LeasesOperating Expense ReportOther (See Remarks)Rent Roll Legal Subdivision Name Lamar-Semmes Lot Number 1 New Financing Cash OnlyConventionalOther (Call La) Operating Expense Includes MiscellaneousProperty InsuranceProperty ManagementTaxes/Real Estate Percent Occupancy 8 Possession Lease Other (See Remarks) Sale Includes All FurnishingsBuilding And Land Tenant Pays ElectricityOther (See Remarks) Type Usage Food ServiceFranchiseMedicalOfficeOther (See Remarks)RetailSpecial PurposeWholesale

Listing information © 2023 Memphis Area Association of REALTORS®.
Listing provided courtesy of 901, REALTORS: 901-676-6555.



© 2023 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Wallace Group Home & Loan | Keller Williams Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2023-02-08T00:03:07.807.
 
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The Wallace Group Home & Loan | Keller Williams Realty
5224 Airline Road Suite 111
Arlington TN, 38002