Listing Agency: Braden, Braden & Braden LLC Show Phone

Listed By: John Cornes · License #303183 Show Phone

Source: Compass

Added: May 25, 2024 Changed: Aug 31 Last Checked: Aug 30 at 11:39PM

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Investment Insights

Based on property information with market context.

This level commercial land parcel offers 480 feet of road frontage along Chelsea Avenue. The site previously contained a structure, providing a developed-property history while remaining available as an open commercial lot.

The property is located at 1587 Chelsea Avenue in Memphis, Tennessee. Its commercial land classification supports evaluation for a range of business and service-oriented uses identified in the property information, subject to applicable approvals.

Key Highlights

• 480 feet of road frontage on Chelsea Avenue
• Level commercial land parcel
• Previously occupied by a structure

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

253

Businesses Nearby

Explore this area Business Placement

Demographics for 38108, TN

17,051

Population

7,881

Households

2.2

Avg Household Size

34

Median Age

11%

College-Educated

73%

High-School Grad

7.6 sq mi

ZIP Area

2,244

Density / Sq Mi

$35,435

Median Household Income

$32,126

Median Earnings

$921

Median Rent

$62,600

Median Home Value

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Commercial land - Level commercial lot with substantial road exposure and a prior structure site.

Where is this commercial land located?

The property is located at 1587 Chelsea Avenue Memphis, TN.

What is the asking price?

The asking price for this property is $1,000,000.

What are key features of this property?

This property features: 480 feet of road frontage on Chelsea Avenue; Level commercial land parcel; Previously occupied by a structure