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    1414 Court Ave Memphis, TN 38104

    For Sale
    Contact for pricing

    Cleared land suitable for multifamily or retail development.

    Property size:
    60,684 SF
    Lot size:
    60.00 Acres

    Property Features for 1414 Court Ave

    General Information

    Size
    60,684 SF
    Lot size
    60.00 Acres

    Source: David Bailey Agent David Bailey

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

    Overview

    Midtown Memphis Development Opportunity

    This raw land opportunity is located in an opportunity zone in Midtown Memphis. The cleared land is ready for development and is suitable for multifamily or retail projects. The site is adjacent to an 18-acre site formerly proposed for big box retail. It is situated just west of the Medical District in downtown Memphis and across the street from redeveloped housing. The property is located 0.5 miles from Methodist University Hospital and 1.3 miles from Overton Park. It is also adjacent to a community garden. The property size is 60684 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Washington Bottoms Community ... Community Garden

    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
    -90.0137598
    Latitude
    35.1402205

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    FAQs

    What type of property is this?
    Land - Cleared land suitable for multifamily or retail development.
    Where is this land located?
    The property is located at 1414 Court Ave Memphis, TN.
    What are key features of this property?
    This property features: - Cleared land ready for development; - Raw land opportunity in Midtown Memphis opportunity zone; - Perfect for multifamily or retail development
    (615) 812-6200
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    Memphis, TN 38104
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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
    1414 Court Ave Memphis, TN 38104
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