Buy&Build (Land): (28.29 acres) 2705 Southmeade Ave, Memphis, TN 38127 + $1,150,000
- Promise Land Realty
- 2 days ago
- 4 min read
Land Investment Opportunity
PRICE
$1,150,000
OFF-MARKET DEVELOPMENT OPPORTUNITY
FRAYSER, MEMPHIS, TN
Prime Infill Site with Residential + Commercial Zoning & Public Incentive Upside
Purchase Price: $1,150,000
Location: 0 Range Line Rd / 2705 Southmeade Ave, Memphis, TN
Submarket: Frayser – one of Memphis’ most active infill and redevelopment corridors
Investment Overview
Offered is a strategically located development parcel in Frayser, positioned along a growing corridor that continues to attract new infrastructure, retail infill, and residential investment. The site benefits from dual zoning, allowing for residential development in the interior and commercial uses fronting Frayser Blvd, creating multiple high-value exit and development paths.
This property has already received meaningful pre-development attention and has been part of broader city-level housing and revitalization discussions, positioning it well for future public-private partnerships, incentives, and financing programs.
Development Flexibility
The site supports multiple viable concepts, including:
Single-Family Homes or Townhomes
Multifamily Apartments (Pivot Option)
Mixed-Use Concept with:
1–4 Retail or Medical Office Buildings along Frayser Blvd
Residential or multifamily behind
Affordable / Workforce Housing strategies
Potential alignment with LIHTC, TIF, and other incentive programs (subject to approvals)
Preliminary conceptual planning and engineering work has been completed in prior phases, allowing a new owner to accelerate entitlement and design timelines.
Location Highlights
Located directly off Frayser Blvd, one of the area’s primary commercial arteries
Surrounded by ongoing infill development, new fast-food, retail, and service uses
Strong demand drivers for housing, medical, and neighborhood-serving retail
Ideal for developers seeking scale with civic alignment
Why This Deal Works
✔ Infill location with city-supported redevelopment momentum
✔ Multiple development exits (residential, multifamily, mixed-use)
✔ Prior engagement with experienced builders and civic stakeholders
✔ Strong fundamentals for public incentives and layered capital stacks
✔ Held long-term by an ownership group not under distress — value is driven by opportunity, not pressure
Disposition Notes
Property is being offered off-market
Seller is open to qualified developers, JV discussions, or structured offers
Full background, planning history, and strategic options shared after initial qualification
📧 Submit offers & developer inquiries to:investments@promiselandrealtyllc.com
SUBMIT OFFERS
Please submit all offers directly to: investments@promiselandrealtyllc.com
Property Map
TEAM PROMISELAND DISCLAIMER: No one is permitted to market, advertise, or distribute this listing without express written permission or verified membership within the TEAM PROMISELAND network. Unauthorized use or sharing of this opportunity, photos, or property information will result in a $500 fine per incident, enforceable by law.
All off-market properties are sold As-Is, Where-Is. Buyer is responsible for conducting their own due diligence. Properties are conveyed via warranty deed, and Promiseland Realty LLC is selling its assignable contractual interest.
Proof of Funds is required with all offers. Earnest Money Deposit (EMD) is due within 48 hours of accepted offer. All closings are facilitated through a licensed title company or closing attorney.
OFFICIAL PROMISELAND LENDING PARTNER
100% Financing for Rehab Projects
Powered by Residential Capital Partners
ResCap is a direct private lender offering zero-money-down loan options for 1-4 unit residential investment flips & rentals across the U.S.
🔹 100% Financing – Covers purchase + rehab
🔹 Fast Closings – ~10 days
🔹 Credit Requirements – 620+ FICO (Rehab), 660+ FICO (DSCR)
🔹 Loan Size – $75K–$1.25M
🔹 Rates – 10.9%–11.9% | 2–3% origination | 1st lien
🔹 Serviced In-House | Virtual Inspections | No Owner-Occ or Rural Props
Nationwide Coverage (Excludes: AK, AZ, NV, PA)
Proof of Funds Available
This listing is proudly sponsored by Residential Capital Partners – trusted lending for the nation’s best flippers.
For more info email sarter@promiselandrealtyllc.com or text (864) 762-2509
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PROMISE LAND REALTY LLC
Work: 864-762-2509
Trusted by 1,000,000+ Investors. Featured on BiggerPockets:
PROMISELAND DISCLAIMER:
Promiseland Realty LLC is a nationwide real estate consulting firm specializing in off-market investment opportunities, strategic acquisitions, and real estate advisory services.
No one is permitted to market, advertise, or distribute this listing without express written permission or verified membership within the TEAM PROMISELAND network. Unauthorized use or sharing of this opportunity, photos, or property information will result in a $500 fine per incident, enforceable by law.
All off-market properties are sold As-Is, Where-Is. Buyer is responsible for conducting their own due diligence. Properties are conveyed via warranty deed, and Promiseland Realty LLC is selling its assignable contractual interest.
Proof of Funds is required with all offers. Earnest Money Deposit (EMD) is due within 48 hours of an accepted offer. All closings are facilitated through a licensed title company or closing attorney.
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