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559 S Highland St 0.23 Acres of Commercial Land Offered at $325,000 in Memphis, TN 38111
Investment Highlights
- Prime frontage on the Highland Strip
- Zoned UDO (University District Overlay)
- Excellent site for retail development
Executive Summary
559 S Highland Street is an excellent site for retail development (zoned UDO - University District Overlay) with 0.23 acres of prime frontage adjacent to the iconic Highland Strip sign. The site is located within walking distance of the University of Memphis campus, with 21,000+ students enrolled. The Highland Strip is a vibrant area featuring a variety of shopping, dining, entertainment options, live music venues, and public art installations.
Property Facts
| Price | $325,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.23 AC |
| Property Type | Land | ||
| Zoning | UDO - University District Overlay | ||
| Price | $325,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.23 AC |
| Zoning | UDO - University District Overlay |
1 Lot Available
Lot
| Price | $325,000 | Lot Size | 0.23 AC |
| Price Per AC | $1,413,043.48 |
| Price | $325,000 |
| Price Per AC | $1,413,043.48 |
| Lot Size | 0.23 AC |
lot is approximately 56' frontage x 181' deep
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (72)
Property Taxes
| Parcel Number | 04-5120-0-0048 | Improvements Assessment | $5,960 |
| Land Assessment | $26,640 | Total Assessment | $32,600 |
Property Taxes
Parcel Number
04-5120-0-0048
Land Assessment
$26,640
Improvements Assessment
$5,960
Total Assessment
$32,600
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559 S Highland St
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