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2955 Barron Ave - Multi-Family Land Lot • Terrain commercial • 0,91 Acres • 187 758 $ CAD • Memphis, TN 38114
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Faits saillants de l'investissement
- Located in a heavy multi-family corridor
- RU-3 Zoning offers Multi-family use
- Sewer/Utilities on property
Résumé de l'annonce
Exceptional opportunity to acquire a 0.90-acre multifamily development site in Memphis. Zoned RU-3 (Multifamily Residential), this property is ideally suited for apartment, townhome, or other multifamily residential development. The site previously accommodated a 28-unit garden-style apartment complex, making it an attractive redevelopment opportunity with a proven history of multifamily use.
All major utilities are already available on-site, including MLGW electric, gas, water, and Memphis City Sewer, helping reduce development costs and streamline the construction process. Whether you're looking to build a new apartment community or capitalize on the growing demand for quality housing in Memphis, this property offers an excellent foundation for your next project.
Conveniently located with easy access to major thoroughfares, employment centers, shopping, and dining, 2955 Barron Ave. provides developers and investors with an outstanding opportunity to create much-needed multifamily housing in a well-established area.
Faits sur la propriété
| Prix | 187 758 $ CAD | Sous-type de propriété | Terrain commercial |
| Type de vente | Investissement ou propriétaire utilisateur | Utilisation proposée | Commercial |
| Nombre de lots | 1 | Taille totale du lot | 0,91 AC |
| Type de propriété | Terrain | ||
| Zonage | RU-3 - Multi-Family Use | ||
| Prix | 187 758 $ CAD |
| Type de vente | Investissement ou propriétaire utilisateur |
| Nombre de lots | 1 |
| Type de propriété | Terrain |
| Sous-type de propriété | Terrain commercial |
| Utilisation proposée | Commercial |
| Taille totale du lot | 0,91 AC |
| Zonage | RU-3 - Multi-Family Use |
1 Lot disponible
Lot
| Prix | 187 758 $ CAD | Taille du lot | 0,91 AC |
| Prix par AC | 206 327,47 $ CAD |
| Prix | 187 758 $ CAD |
| Prix par AC | 206 327,47 $ CAD |
| Taille du lot | 0,91 AC |
Level Lot that use to have multi-family housing units on the property. All utilities and sewer are on the property.
Description
Excellent opportunity to develop a ±0.91-acre multifamily site in an established rental corridor. The property supports development of up to a 12-unit apartment complex, offering an ideal scale for investors and developers seeking strong returns without large-scale project risk. Formerly home to the Barronbrook Apartments, the site has a proven history of multifamily use, providing valuable insight into its viability and demand. Surrounded by numerous existing apartment communities, this location benefits from a built-in rental base and consistent tenant demand.
Présenté par
2955 Barron Ave - Multi-Family Land
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