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1374 Holmes rd - Residential Development Tract - Southwest Mem 7.44 Acres of Commercial Land Offered at $119,000 in Memphis, TN 38109
Investment Highlights
- Road frontage of 2,040 feet on W Holmes Rd.
- All public utilities are available including electricity, water/sewer and gas.
- Zoned R-6 and adequate space for approximately 14, 1/2 acre lots.
- Just off US Highway 61, close to major employers including, Fed Ex and Memphis International Airport.
Executive Summary
Development Opportunity: 7.44-Acre Residential Tract | 1374 W Holmes Rd, Memphis
Unlock the potential of this shovel-ready 7.44-acre development site located in a high-demand pocket of Southwest Memphis. Zoned R-6 (Residential Single-Family - 6), this property is perfectly positioned for a residential infill project to address the city’s critical need for new housing stock.
Development Potential
Subdivision Opportunity: Preliminary analysis indicates the tract could be subdivided into 14 half-acre lots, providing an ideal density for a new neighborhood community.
R-6 Zoning Advantages: The Residential Single-Family - 6 classification allows for efficient lot layouts while maintaining the suburban character sought after by modern homebuyers.
Infrastructure Ready: Speed up your development timeline with all public utilities available at the site, including electricity, water, sewer, and gas.
Strategic Location:
Prime Visibility: Situated at 1374 W Holmes Rd, offering excellent frontage and easy access to major transit corridors including US Highway 61 and Interstate 55.
Convenient Commutes: Residents will enjoy rapid access to the Memphis International Airport, the FedEx World Hub, and the downtown business district.
Neighborhood Demand: Located in an established area of Southwest Memphis that is primed for revitalization and new construction.
This is a rare opportunity for a developer or builder to secure a large, contiguous parcel with favorable zoning in a market hungry for inventory. Priced to move - bring all offers!
Unlock the potential of this shovel-ready 7.44-acre development site located in a high-demand pocket of Southwest Memphis. Zoned R-6 (Residential Single-Family - 6), this property is perfectly positioned for a residential infill project to address the city’s critical need for new housing stock.
Development Potential
Subdivision Opportunity: Preliminary analysis indicates the tract could be subdivided into 14 half-acre lots, providing an ideal density for a new neighborhood community.
R-6 Zoning Advantages: The Residential Single-Family - 6 classification allows for efficient lot layouts while maintaining the suburban character sought after by modern homebuyers.
Infrastructure Ready: Speed up your development timeline with all public utilities available at the site, including electricity, water, sewer, and gas.
Strategic Location:
Prime Visibility: Situated at 1374 W Holmes Rd, offering excellent frontage and easy access to major transit corridors including US Highway 61 and Interstate 55.
Convenient Commutes: Residents will enjoy rapid access to the Memphis International Airport, the FedEx World Hub, and the downtown business district.
Neighborhood Demand: Located in an established area of Southwest Memphis that is primed for revitalization and new construction.
This is a rare opportunity for a developer or builder to secure a large, contiguous parcel with favorable zoning in a market hungry for inventory. Priced to move - bring all offers!
Property Facts
| Price | $119,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Single Family Development |
| No. Lots | 1 | Total Lot Size | 7.44 AC |
| Property Type | Land | ||
| Zoning | R-6 - R-6 | ||
| Price | $119,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Single Family Development |
| Total Lot Size | 7.44 AC |
| Zoning | R-6 - R-6 |
1 Lot Available
Lot
| Price | $119,000 | Lot Size | 7.44 AC |
| Price Per AC | $15,994.62 |
| Price | $119,000 |
| Price Per AC | $15,994.62 |
| Lot Size | 7.44 AC |
7.44+/- Acres
1 1
Property Taxes
| Parcel Number | 08-2052-0-0082 | Improvements Assessment | $0 |
| Land Assessment | $8,300 | Total Assessment | $8,300 |
Property Taxes
Parcel Number
08-2052-0-0082
Land Assessment
$8,300
Improvements Assessment
$0
Total Assessment
$8,300
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1374 Holmes rd - Residential Development Tract - Southwest Mem
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