0 S Third Highway
Memphis, TN, 38109 $ 169,000
Baths0.0 Monthly Estimate*
$ 1,041
Studio for $169,000. The lot size is 7.1.
Located along iconic S Third St/US-61, also known as historic Blues Highway, this 7.1-acre tract presents a rare opportunity to secure a highly visible, well-positioned piece of land in one of Memphis’s most recognizable corridors. With approximately 353 feet of frontage along S Third St and about 1,137 feet of frontage on Westview Rd, the property offers outstanding access, strong street presence, and flexibility that is increasingly difficult to find in an urban market. The extensive road frontage enhances the site’s long-term appeal and gives buyers more options when evaluating layout, access, and future development potential. Public water, public sewer, and electricity are available, creating a major advantage for buyers seeking a tract with infrastructure already nearby. That utility availability, combined with the property’s size and dual-road exposure, makes this a compelling opportunity for investors, developers, and buyers looking for a strategic hold in a major Tennessee market. Memphis remains one of the South’s most important economic engines, known for logistics, transportation, healthcare, manufacturing, and distribution. The city’s central location, strong workforce, and business-friendly environment continue to attract investment and support long-term growth. Beyond the economic appeal, Memphis offers a cultural identity few cities can match, with attractions such as Beale Street, the Mississippi Riverfront, Tom Lee Park, FedExForum, the National Civil Rights Museum, and the iconic Pyramid. With its deep musical roots, historic significance, recognizable landmarks, and strong regional connectivity, Memphis gives this property added appeal beyond simple acreage alone. Whether a buyer is focused on visibility, utility access, development potential, or long-term investment value, this tract offers a rare combination of scale, frontage, and location in a city known worldwide for commerce, culture, and character.
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FeaturesGeneralPossession Close Of Escrow
Zoning R-8
Topography Level Wooded
County Shelby County TN
Property Type Land
Subdivision Name Richardson
Status Active
Buyer Financing Conventional
Directions From Downtown Memphis take I-55 S to S Third St/US-61. Continue south on S Third St. The property is near Westmont Rd directly across the street from 4600 Westmont Rd Memphis TN 38109.
High School Westwood High
City Memphis
Senior Community Y/N N
Lot Size Units Acres
Elementary School Levi Elementary
Property Attached Y/N N
Tax Annual Amount 673
Middle/Junior High School Chickasaw Middle
Standard Status Active
Tax Lot 8
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ExteriorLot Features Level Wooded
Total Parking 0
Inclusions Land Only
Lot Size Area 7.1
Building Area Total 0
Lot Size Acres 7.1
Road Surface Type Asphalt Concrete
Waterfront Y/N N
Road Frontage Type City Street
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InteriorAir Conditioning Y/N N
Heating Y/N N
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* Excluded FeaturesList ByColdwell Banker Commercial Kinard RealtyBroker
Affordability Calculator
- Monthly Principal & Interest
- $1,041
- Monthly Property Taxes
- $56
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Memphis, TN
Average List Price $126,591
Percent of Sale Price 25%
About Memphis, TN 651,785 Population
-6% Since 2002
$ 38,338 Median Income
35.39 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
5420857 Elementary School
5397752 Middle School
Westwood High High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/15/2026 | $169,000 | | Listed Price |