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1248 James St 0.73 Acres of Commercial Land Offered at $45,000 in Memphis, TN 38106
Investment Highlights
- 0.73-acre residential lot • Level, cleared land • Utilities at street • Minutes from downtown Memphis • Ideal for new construction • Build-to-ren
- 0.73-acre residential lot • Level, cleared land • Utilities at street • Minutes from downtown Memphis • Ideal for new construction • Build-to-ren
- 0.73-acre residential lot • Level, cleared land • Utilities at street • Minutes from downtown Memphis • Ideal for new construction • Build-to-ren
- 0.73-acre residential lot • Level, cleared land • Utilities at street • Minutes from downtown Memphis • Ideal for new construction • Build-to-ren
- 0.73-acre residential lot • Level, cleared land • Utilities at street • Minutes from downtown Memphis • Ideal for new construction • Build-to-ren
- 0.73-acre residential lot • Level, cleared land • Utilities at street • Minutes from downtown Memphis • Ideal for new construction • Build-to-ren
Executive Summary
The size of this parcel provides flexibility for developers, builders, or investors seeking either a single large homesite or multiple smaller units, depending on zoning approval. Utilities are available at the street, making the lot ready for planning and engineering work. The surrounding area continues to show redevelopment activity and increasing investor interest, making this an ideal time to secure a larger-than-average city lot in a growing corridor.
Whether purchased for immediate construction, buy-and-hold strategy, build-to-rent development, or future resale, this property offers strong potential in an affordable price range. The seller is open to both cash offers and seller-financing options, depending on terms. A rare opportunity to acquire nearly three-quarters of an acre within Memphis city limits, offering space, flexibility, and long-term upside.
Property Facts
1 Lot Available
Lot
| Price | $45,000 | Lot Size | 0.73 AC |
| Price Per AC | $61,643.84 |
| Price | $45,000 |
| Price Per AC | $61,643.84 |
| Lot Size | 0.73 AC |
0.73-acre vacant residential lot near downtown Memphis. Level, cleared, and ready for development. Ideal for single-family construction, multifamily, infill development, or long-term investment. Utilities available at street.
Description
This 0.73-acre lot at 1248 James St provides a prime residential development opportunity in the Memphis urban core. The property is larger than typical city lots and offers enough space for single-family construction, duplexes, small multifamily, or modular/tiny home development, subject to zoning and permitting. The land is level and mostly cleared, making it easier to begin development planning. Utilities, including water, sewer, and power, are available at the street. Located only minutes from downtown Memphis, the property sits within an area experiencing ongoing redevelopment and investor interest. The surrounding streets feature a mix of renovated homes, new construction, and long-term rental properties. With its strategic location, strong lot size, and development flexibility, the site is ideal for builders, investors, or individuals seeking an affordable property to construct a new home or rental units. This parcel provides excellent potential for appreciation and long-term value.
Property Taxes
| Parcel Number | 02-6026-0-0039 | Improvements Assessment | $2,600 |
| Land Assessment | $15,240 | Total Assessment | $17,840 |
Property Taxes
Presented by
Ferraro Investments, LLC
1248 James St
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