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Why You'll Love It
Discover a rare gem within the city limits of Memphis—a stunning 10.56-acre tract offering a world of potential. This property presents numerous opportunities, from multiple home sites to an ideal location for various businesses. Just 1.9 miles north of the MS/TN state line, the property has 565 feet of frontage on US Hwy 61, (aka The Blues Highway).
The tract includes a well-maintained 1,972 sq ft brick home, built in 1985, offering 4 bedrooms, 3 baths, and a spacious 2-car garage. It is presently rented for $1,500/ month. The site also serves as the base for a general contractor business and includes a large shed with three 40-foot metal containers for material storage. The land itself is a mix of manicured turf grass covering 3.45 acres and 7.1 acres of mature hardwood timber, creating a versatile landscape. This rare property is an exceptional investment opportunity! Don't miss out on this unique offering!Parcel #/ID
08-2044-0-0012, 08-2044-0-0025
Property Highlights
Timberland Investment | Hardwood |
Homes, Cabins, Acreages & Lots | House/Cabin, Building Site/Lot, Vacant Land, Barn/Shed/Outbuilding |
- Rare acreage within the city limits of Memphis.
- Road frontage along US Highway 61 of 565 feet.
- Four bedroom, three bath home with 2 car garage built in 1985. All brick ranch style.
- Large storage shed with three 40 foot metal containers perfect for storing contractor materials.
- 3.45 acres of fenced manicured lawn.
- 7.1 acres of mature hardwoods.
- Great location for business with lots of area for parking and storage.
Estimated Income:
Rental Income: $18,000
TOTAL ESTIMATED INCOME: $18,000
Residence Info:
Single Family
1,972 +/- sqft
4 BD / 3 BA
Built in 1985
2023 Taxes:
$2,131
Zoning:
Residential
Future Land Use:
Commercial Possibly
Listing ID#:
3023162
Location
35.010478961574 , -90.10111835599
From Memphis proper, take S Third St (US Hwy 61) southward for 5.6 miles to 5077 S Third. Property is on the right (west side). From MS stateline on US Hwy 61 continue northeast for 1.9 miles and property is on the left.
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