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    1414 Court Ave Memphis, TN 38104

    Sponsored
    For Sale
    $740,000

    1.67 Acres, RU-4 Zoning, $740,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 1.67-acre commercial land parcel presents a remarkable development opportunity in the vibrant Midtown Memphis area. Located at 1414 Court Avenue, Memphis, TN 38104 (APN: 017021 00024C), this fee simple property is zoned RU-4, offering significant flexibility for various projects. The RU-4 zoning designation specifically permits a wide range of residential development options, including single-family attached dwellings (townhouses) and multifamily structures such as large homes, stacked townhouses, and apartments. This zoning is characteristic of infill or redevelopment areas where similar housing types are already established, suggesting a seamless integration into the existing neighborhood fabric. The property's prime location within Midtown Memphis, coupled with its substantial size, makes it an ideal site for a high-impact development catering to the area's growing demand for housing or retail spaces. The asking price is $740,000. This represents a compelling investment opportunity in a thriving urban core. Serious inquiries are encouraged to explore the full potential of this exceptional property. The property is situated in an opportunity zone, offering potential tax advantages. Detailed zoning information and site plans are available upon request.

    Property Features for 1414 Court Ave

    General Information

    Property type
    Land
    Lot Size
    72,745 SF

    HighLights

    • 1.67‑acre commercial land parcel in Midtown Memphis, TN.
    • Located at 1414 Court Avenue, APN: 017021 00024C.
    • RU‑4 zoning allows for diverse residential development (townhouses, apartments, etc.).
    • $740,000 asking price.
    • Situated in an Opportunity Zone.
    Property Profile 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
    -90.013477
    Latitude
    35.140339

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    FAQs

    What type of property is this?
    Land - 1.67 Acres, RU-4 Zoning, $740,000
    Where is this land located?
    The property is located at 1414 Court Ave Memphis, TN.
    What is the asking price?
    The asking price for this property is $740,000.
    What are key features of this property?
    This property features: 1.67-acre commercial land parcel in Midtown Memphis, TN.; Located at 1414 Court Avenue, APN: 017021 00024C.; RU-4 zoning allows for diverse residential development (townhouses, apartments, etc.).
    (615) 751-2356
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    1414 Court Ave Memphis, TN 38104
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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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