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    226 Chelsea Ave Memphis, TN 38107

    Sponsored
    For Sale
    $300,000

    Land - Memphis, TN

    Lot size:
    0.52 Acres
    Days on Market:
    248
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 226 Chelsea Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Mixed
    Lot size
    0.52 Acres

    Building Details

    Architectural style
    Other

    HARRIS REALTY SERVICES, LLC (901) 372-8003 [email protected]

    Listing agent Virgil Pryor (901) 372-8003

    Listing date May 3, 2025

    MLS# 10195816 Listing URL

    Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Half-Acre Land Near Fire Station

    This property is a 0.52-acre land parcel located directly across from the new Fire Station 1. The site neighbors multiple multi-million-dollar developments. It is part of a package of homes that can be sold individually or together with the following properties: 948 Pearce, 506 Sixth, 671 McDavitt, 676 Looney, 680 Looney, 688 Looney, 692 Looney, 784 Looney, 876 N Third, and 2227 Clayton. The property is located in Memphis, TN, with a mixed zoning designation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.040778
    Latitude
    35.163748

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    FAQs

    What type of property is this?
    Land - Half-acre land parcel near multi-million dollar developments and new fire station.
    Where is this land located?
    The property is located at 226 Chelsea Ave Memphis, TN.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: - Half-acre lot, offering ample space.; - Located across from the new Fire Station 1.; - Neighbors multi-million-dollar developments.
    (901) 214-7044
    Request Owner's contact information
    226 Chelsea Ave Memphis, TN 38107
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    Memphis, TN 38107
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    226 Chelsea Ave Memphis, TN 38107
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