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 ho me, built in 1985, offering 4 bedrooms, 3 baths and a roomy 2-car garage. Currently, the home is occupied by a long-term tenant, providing a steady rental income of $1, 000/ 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 storge. 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!

Request Information
on 5077 S Third St
in Memphis, TN
Presented by Bill Patton at
National Land Realty, Memphis, TN.


Property MLS #11292349 from MyStateMLS

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+ Bedrooms

Bedrooms: 4

+ Bathrooms

Full Bathrooms: 3

+ Land Info

Lot Size Acres: 10.56
Lot Size Square Feet: 459994

+ Other Property Info

Source Listing Status: Active
County: 47157
Directions: 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.
Source Property Type: Residential
Area: Shelby County
Source Neighborhood: Shelby County
Parcel Number: 08-2044-0-0012, 08-2044-0-0025
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2022	$19,825 + $12,725 $32,550	$1,982
2021	$20,825 + $12,725 $33,550	$2,067
2020	$19,850 + $12,725 $32,575	$2,360
2019	$19,850 + $12,725 $32,575	$2,360
2018	$4,925 + $12,725 $17,650	$1,278
2017	$4,925 + $12,725 $17,650	$725
2016	$20,025 + $12,725 $32,750	$1,431
2015	$20,025 + $12,725 $32,750	$1,431
2014	$20,025 + $12,725 $32,750	$1,431
2013	$20,025 + $12,725 $32,750	$1,434
2012	$25,500 + $15,925 $41,425	$1,665
2010	$25,500 + $15,925 $41,425	$1,665
2007	$29,125 + $10,325 $39,450	$2,948
2006	$29,125 + $10,325 $39,450	$2,948

+ Reveal Property Sale History

Listed 2024-06-25
$349,000
MyStateMLS

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Sold 2009-11-18
$180,000
Public Record

+ Building and Construction

Total Square Feet Living: 1972

+ Display Complete School Details

Double Tree Elementary School is a public elementary school located approximately 0.9 miles away.
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Westwood Middle/ High School is a public high school located approximately 1.2 miles away.
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Chickasaw Junior High School is a public middle school located approximately 1.9 miles away.
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Senior Clara Muhammad School is a private elementary school located approximately 1.6 miles away.
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