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    Summer Ave Memphis, TN 38134

    For Sale
    $115,000

    Land - Memphis, TN

    Lot size:
    0.46 Acres
    Days on Market:
    217
    Last Refresh:
    Dec 7 at 3:06 pm

    Property Features for Summer Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CMU-1
    Lot size
    0.46 Acres

    Building Details

    Architectural style
    Other

    Crye-Leike Realtors (901) 756-8900 [email protected]

    Listing agent Tyler Tapley (901) 756-8900

    Listing date May 5, 2025

    MLS# 10195869 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

    Memphis Land Development Opportunity

    This property presents a development opportunity near the Southeast Corner of Summer and Summer Trace Drive, situated just east of 5963 Summer Strip Center and in proximity to Shelby Oaks Elementary School. The land is zoned CMU-1, allowing for numerous uses. The property benefits from excellent visibility, frontage, and access. The lot size is 0.46 acres. The seller also has the adjacent lot for sale as well parcel number 089044 00353, MLS number 10195870.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.979672
    Latitude
    35.15114

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    FAQs

    What type of property is this?
    Land - Land for sale near Summer and Summer Trace Drive.
    Where is this land located?
    The property is located at Summer Ave Memphis, TN.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: - Development opportunity in a desirable location.; - Zoned CMU-1, allowing for numerous uses.; - Excellent visibility, frontage, and access.
    (901) 756-8900
    Request Owner's contact information
    Summer Ave Memphis, TN 38134
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    Memphis, TN 38134
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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
    Summer Ave Memphis, TN 38134
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