CASH ONLY – Investor/Builder Opportunity! Unlock the potential of 9 residential lots offered as a package for $60,500. This is a rare chance to secure multiple infill parcels across Memphis with strong upside for new construction or long-term investment. Ideal for builders looking to scale quickly or investors seeking affordable entry points with room for appreciation. Properties included: Glen (38127), 2517 Henderson St (38127), 3024 Sax Rd (38109), 244 W Davant Ave, 136 W Norwood Ave, 2129 Yazoo St, W Person (38109), and 1462 Standridge St (38108). Position yourself ahead of growth and capitalize on the demand for affordable housing in these areas. Buyer to verify zoning, utilities, and development feasibility.
West Junction, located between Downtown Memphis and Midtown, is a historic and industrial Memphis neighborhood with brick warehouses and rail-side streetscapes. The neighborhood’s character concentrates around the South Main Street corridor near Central Station, where galleries, coffee counters, and small restaurants line wide sidewalks. Converted loft buildings and older commercial blocks give the streets a utilitarian, design-forward feel. The National Civil Rights Museum and the Orpheum Theatre anchor the cultural calendar with exhibitions and stage nights. South Main’s storefronts and trolley tracks shape a walkable rhythm from daytime cafés to late shows.
Provided by Walk Score and Local Logic
Property details
Exterior
Finance
Exterior features
Level terrain
Regular-shaped lot
Paved road frontage
Recorded subdivision
City location
Home design
Land parcel (vacant)
Construction
Zoned R-6
Utilities
Public water
Public sewer
Financial info
New financing: Other (see remarks)
Other
Parcel ID 075018 00104C
Lots available: 6–10
Lot dimensions approximately 104 x 203
Includes lots 15, 16 & 17
Area reference: 762A
No improvements
Electricity and solar
View estimated energy costs and solar savings for this home
The single-family residential districts are intended to accommodate one single-family detached principal dwelling unit per lot. These districts should be applied in areas where the land-use pattern is predominately single-family residential or where such a land use pattern is desired in the future. Five single-family residential districts are established-R-6 which are differentiated primarily on the basis of minimum lot area and setback requirements. New R-6 districts are generally located in an infill or redevelopment location where similar lot sizes are part of the original fabric of development. Additionally, R-6 districts should have a shared street network with and are generally located at least 500 to 1,000 ft from a CMU-1, CMU-2, CMU-3, or CBD district.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Senior
Infrastructure
Educational / school
Fire house
Police station
Recreation
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 109° expected this year, 21 days in 30 years
4/10 Wind Factor
19% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38109
Average low and high temperatures (°F)
46
30
56
38
71
50
77
58
78
63
87
72
92
76
90
71
85
67
77
57
65
49
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
98/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.8 hrs
6.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3024 Sax Rd
$11,690
$810 under list price of $13K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $23K to $106K.