Property profile

6040 Winchester Rd Memphis, TN 38115

FOR SALE
Land
Property ID
US80-0704982
0.88 ac lot
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6040 Winchester Rd, Memphis, TN 38115 For Sale
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6040 Winchester Rd, Memphis, TN 38115
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Property summary

AI-generated overview

This exceptional 0.88-acre commercial lot, situated at 6040 Winchester Road in Memphis, Tennessee, presents a compelling investment opportunity. Located in Shelby County, zip code 38115, this property boasts a highly desirable location on one of Memphis' busiest thoroughfares, ensuring exceptional visibility and high traffic volume. Thousands of vehicles pass by daily, providing unparalleled exposure for any commercial venture. The property is zoned COMM, allowing for a diverse range of uses, including office space, single-tenant buildings, or mixed-use developments. The zoning flexibility makes this lot ideal for a variety of businesses, from retail establishments to car washes and more. This prime piece of land is priced below its tax appraisal, offering a significant advantage for a quick sale. The coordinates are 35.0504729 latitude and -89.861633 longitude. Don't miss this chance to acquire a highly visible and versatile commercial lot in a thriving Memphis location. The asking price is $68,000.

Property profile

Verified
Property type Land
Lot 0.88 ac (38,333 SF)
UPID US80-0704982

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6040 Winchester Rd Memphis, TN 38115
Memphis metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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