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    Summer Ave Memphis, TN 38134

    For Sale
    $1,900,000

    Land - Memphis, TN

    Lot size:
    9.29 Acres
    Days on Market:
    149
    Last Refresh:
    Dec 9 at 2:06 am

    Property Features for Summer Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CMU-3
    Lot size
    9.29 Acres

    Building Details

    Architectural style
    Other

    BEST Real Estate Company (901) 361-6824 [email protected]

    Listing agent Walter Jones (901) 361-6824

    Listing date Jul 14, 2025

    MLS# 10200827 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

    9.29 Acres Commercial Mixed-Use Land

    This property offers 9.29 acres, approximately 404,803 square feet, of CMU-3 commercial mixed-use land. It is situated in a high-traffic corridor on Summer Avenue in Shelby County, offering flexible development options. The location provides convenient access to White Station schools and I-40. The large parcel is suitable for retail, office, or multi-use redevelopment. Utilities are available. The property has minimal flood zone impact in most areas and is located in Memphis, TN.
    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?
    Commercial land - 9.29 acres of CMU-3 land in high-traffic Memphis corridor.
    Where is this commercial land located?
    The property is located at Summer Ave Memphis, TN.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - 9.29 acres (approx. 404,803 SF) of CMU-3 commercial mixed-use land.; - High-traffic Summer Avenue corridor location.; - Zoned for flexible development in Shelby County.
    (901) 361-6824
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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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