Listing Agency: Memphis Metro Realty

Listed By: Randall Weatherall · License #348070 Show Phone

Source: Compass

Added: Jan 29, 2024 Changed: Aug 31 Last Checked: Aug 30 at 2:42AM

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Investment Insights

Based on property information with market context.

This 3.12-acre commercial land parcel is wooded and currently designated CMU-2. The property has dedicated access via Westmeade Street and is positioned at the intersection of American Way and S Perkins.

Existing commercial activity lies to the north, while a residential neighborhood borders the south side. The site’s current zoning and surrounding land uses provide a defined setting for evaluating future commercial development or potential rezoning, subject to applicable approvals.

Key Highlights

• 3.12‑acre commercial land parcel
• Currently zoned CMU‑2
• Dedicated access via Westmeade St

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply Skin Care Clinic Parking Lot & Garage

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

446

Businesses Nearby

Explore this area Business Placement

Demographics for 38118, TN

39,627

Population

16,317

Households

2.4

Avg Household Size

32

Median Age

12%

College-Educated

79%

High-School Grad

30.5 sq mi

ZIP Area

1,299

Density / Sq Mi

$42,464

Median Household Income

$30,431

Median Earnings

$1,105

Median Rent

$95,700

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Commercial land - Wooded commercial land with CMU-2 zoning and dedicated access from Westmeade Street.

Where is this commercial land located?

The property is located at 4825 American Way Memphis, TN.

What is the asking price?

The asking price for this property is $75,000.

What are key features of this property?

This property features: 3.12‑acre commercial land parcel; Currently zoned CMU‑2; Dedicated access via Westmeade St