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    870 Cotton Gin Pl Memphis, TN 38106

    For Sale
    $980,000

    1.7 acres near I-55, ideal for mixed-use development.

    Property size:
    1 SF
    Lot size:
    1.70 Acres

    Property Features for 870 Cotton Gin Pl

    General Information

    Size
    1 SF
    Lot size
    1.70 Acres

    Source: Ginny Dunn Agent Ginny Dunn

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Memphis Development Opportunity

    This property, situated in the Memphis Metro area, offers development potential. Zoned CMU-3 (Commercial Mixed Use-3), the site is suitable for a range of development possibilities. The location is near the I-55 Memphis-Arkansas Bridge, with an AADT (2024) of 43,000 vehicles. It offers visibility and access. The property consists of three contiguous parcels totaling approximately 1.7 acres. It is located minutes from central Memphis attractions. Nearby attractions (within 1 block) include the National Ornamental Metal Museum, French Fort District, Chickasaw Heritage Park & Indian Burial Mound. The property presents an opportunity for a Land / Other investor. The property's strategic downtown connectivity sets the stage for a diverse range of investment possibilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -90.0699649
    Latitude
    35.1241623

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    FAQs

    What type of property is this?
    Land - 1.7 acres near I-55, ideal for mixed-use development.
    Where is this land located?
    The property is located at 870 Cotton Gin Pl Memphis, TN.
    What is the asking price?
    The asking price for this property is $980,000.
    What are key features of this property?
    This property features: - Prime 1.7-acre development opportunity with CMU-3 zoning, allowing for diverse mixed-use projects.; - Strategically located near the I-55 Memphis-Arkansas Bridge with high traffic volume (AADT 43,000), ensuring excellent visibility.; - Excellent downtown connectivity, just minutes from central Memphis attractions.
    (901) 428-4873
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    Memphis, TN 38106
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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
    870 Cotton Gin Pl Memphis, TN 38106
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