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    3618 N Watkins St Memphis, TN 38127

    For Sale
    $49,900

    Land - Memphis, TN

    Lot size:
    2.14 Acres
    Days on Market:
    329
    Last Refresh:
    Dec 7 at 2:06 pm

    Property Features for 3618 N Watkins St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commer
    Lot size
    2.14 Acres

    Building Details

    Architectural style
    Other

    KELLER WILLIAMS® (901) 261-7900 [email protected]

    Listing agent Kesha Hamilton (901) 261-7900

    Listing date Jan 13, 2025

    MLS# 10188011 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

    High Traffic Location Land

    This property presents an opportunity to secure a high-traffic location suitable for various businesses. The site offers visibility for a retail business, restaurant, car lot, or nail shop. The location is the former home of Bergeron's Flower Shop, and it is believed to already be set up to have utilities running to it; however, the buyer must confirm this. The lot must be sold with the adjacent lot (Parcel ID 072001 00107C), for a total of 2.14 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bergeron's Flowers Florist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.002599
    Latitude
    35.224213

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    FAQs

    What type of property is this?
    Commercial land - Two lots in high traffic location, suitable for various businesses.
    Where is this commercial land located?
    The property is located at 3618 N Watkins St Memphis, TN.
    What is the asking price?
    The asking price for this property is $49,900.
    What are key features of this property?
    This property features: - High traffic location ideal for business.; - Two lots included for the price of one, totaling 2.137 acres.; - Great visibility for retail or other businesses.
    (901) 261-7900
    Request Owner's contact information
    3618 N Watkins St Memphis, TN 38127
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    Memphis, TN 38127
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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
    3618 N Watkins St Memphis, TN 38127
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