2899 Lamar Ave Memphis, TN 38114
Southeast Memphis NeighborhoodEstimated payment $2,211/month
About This Lot
1.81 Acres | 78,843 SF | CMU-3 Zoning | Approved Self-Storage Site Prime commercial development opportunity located along the high-traffic corridor of Lamar Avenue in Memphis, TN. This ±1.81-acre site offers exceptional visibility, strong frontage, and direct access to one of the city’s primary industrial and commuter routes. The property is zoned CMU-3 and comes with city-approved plans for self-storage development, allowing a buyer to significantly reduce entitlement timelines and move quickly toward construction. Based on TDOT corridor data + known Lamar activity: Lamar Ave (near subject site) 30,000 – 45,000 vehicles per day (VPD) Truck Traffic Heavy truck usage due to: I-22 / US-78 freight corridor Airport logistics Industrial distribution.
Property Details
Property Type
- Land
Lot Details
- 1.81 Acre Lot
- Property is zoned CMU-3
Community Details
- Lamar Crossing Pd Outline Plan Subdivision
Listing and Financial Details
- Assessor Parcel Number 059021 00051
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,403 | $46,720 | $46,720 | -- |
| 2024 | $1,403 | $41,400 | $41,400 | -- |
| 2023 | $2,522 | $41,400 | $41,400 | $0 |
| 2022 | $2,522 | $41,400 | $41,400 | $0 |
| 2021 | $2,552 | $41,400 | $41,400 | $0 |
| 2020 | $3,000 | $41,400 | $41,400 | $0 |
| 2019 | $1,323 | $41,400 | $41,400 | $0 |
| 2018 | $1,323 | $41,400 | $41,400 | $0 |
| 2017 | $1,354 | $41,400 | $41,400 | $0 |
| 2016 | $1,748 | $40,000 | $0 | $0 |
| 2014 | $1,748 | $80,000 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/01/2026 04/01/26 | For Sale | $395,000 | +174.3% | -- | |
| 02/28/2020 02/28/20 | Sold | $144,000 | -7.1% | -- | View Prior Sale |
| 06/12/2019 06/12/19 | For Sale | $155,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $140,000 | Home Surety T&E Llc | |
| Warranty Deed | $29,150 | Fidelity Title & Escrow Inc | |
| Warranty Deed | $200,000 | None Available |
Source: Memphis Area Association of REALTORS®
MLS Number: 10218176
APN: 05-9021-0-0051
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