5123 S 3rd St | Memphis, TN 38109
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5123 S 3rd St
Memphis, TN 38109
Journey Motel Court · Retail Property For Sale
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
9,500 SF
Building Class
C
Year Built/Renovated
1943/1990
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.07
Lot Size
3.04 AC
Zoning
CMU-3 - Zoning us CMU-3
Frontage
727 FT on US 61
AMENITIES
- Bus Line
- Freeway Visibility
- Drive Thru
- Balcony
ABOUT 5123 S 3RD ST , MEMPHIS, TN 38109
Great development opportunity! 3.04 acre parcel with 727’ of frontage on Highway 61. Traffic count of +/-12k to the north of the property and +/-14k to the south. CMU-3 zoning. All buildings (three in total) are vacant and are being sold as is. The oldest building, the historic Journey Motel Court, was built in 1943 and still retains its charming vintage art-deco features.
PROPERTY TAXES
| Parcel Number | 08-2044-0-0013 | Improvements Assessment | $34,720 |
| Land Assessment | $51,840 | Total Assessment | $86,560 |
PROPERTY TAXES
Parcel Number
08-2044-0-0013
Land Assessment
$51,840
Improvements Assessment
$34,720
Total Assessment
$86,560
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