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    2970 Broad Ave Memphis, TN 38112

    For Sale
    $299,900

    Commercial - Memphis, TN

    Days on Market:
    121
    Last Refresh:
    Dec 5 at 5:06 pm

    Property Features for 2970 Broad Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Year built
    1800
    Architectural style
    Other

    Enterprise Realtors, Inc. (901) 867-1000 [email protected]

    Listing agent Camela Henke (901) 867-1000

    Listing date Aug 7, 2025

    MLS# 10201589 Listing URL

    Copyright © 2025 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

    Broad Avenue Development Opportunity

    This half-acre lot presents a rare development opportunity on Broad Avenue near Sam Cooper and Tillman in Memphis, Tennessee. Situated in a rapidly growing area with major new development nearby, the property benefits from its location next to a gas station and across the street from a new bank and coffee shop currently under construction. The site offers considerable visibility and access, making it suitable for commercial, mixed-use, or creative space projects. Phase 1 and Phase 2 Environmental studies are complete. With convenient access to major roads and high traffic volume, this property is well-positioned.
    Property Profile 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
    -89.9620624
    Latitude
    35.1475375

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    FAQs

    What type of property is this?
    Commercial land - Half-acre lot in a rapidly growing area of Memphis.
    Where is this commercial land located?
    The property is located at 2970 Broad Ave Memphis, TN.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: - Half-acre lot in a rapidly growing area near Sam Cooper & Tillman.; - High visibility and access on Broad Ave, next to a gas station and across from new bank and coffee shop construction.; - Ideal for commercial, mixed-use, or creative space projects.
    (901) 867-1000
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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
    2970 Broad Ave Memphis, TN 38112
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