Description
Prime Infill Development Lot Near University of Memphis | RU-3 Zoning | 0.77 Acres Excellent opportunity for builders and investors this centrally located 0.77-acre parcel (RU-3 zoning) allows for a range of residential development, including single-family, duplex, triplex, or small multifamily (buyer to verify with zoning office). Just minutes from the University of Memphis, Liberty Park, and major transportation routes. An existing cell tower and easement are in place on the site. The lease, originally executed in 2016, includes multiple 5-year renewal options and may have years remaining. Buyers are strongly advised to review the recorded documents (Instruments #16109938 & #19100232) & perform their own due diligence with a real estate attorney to fully understand the easement, any legal rights, or obligations. Drive-by video available on YouTube search 648 Haynes Memphis Land Lease and easement docs available in MLS attachments.
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0BEDS
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0.76ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Prime Infill Development Lot Near University of Memphis | RU-3 Zoning | 0.77 Acres Excellent opportunity for builders and investors this centrally located 0.77-acre parcel (RU-3 zoning) allows for a range of residential development, including single-family, duplex, triplex, or small multifamily (buyer to verify with zoning office). Just minutes from the University of Memphis, Liberty Park, and major transportation routes. An existing cell tower and easement are in place on the site. The lease, originally executed in 2016, includes multiple 5-year renewal options and may have years remaining. Buyers are strongly advised to review the recorded documents (Instruments #16109938 & #19100232) & perform their own due diligence with a real estate attorney to fully understand the easement, any legal rights, or obligations. Drive-by video available on YouTube search 648 Haynes Memphis Land Lease and easement docs available in MLS attachments.
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