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    Macon Rd And Cordova Sta Rd Memphis, TN 38018

    Sponsored
    For Sale
    Contact for pricing

    Prime Memphis commercial land, ideal for mixed-use development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10.1-acre commercial land parcel presents a rare development opportunity in the highly desirable Germantown Parkway corridor of Memphis, Tennessee. Situated at the intersection of Macon Road and Cordova Station Road, this property boasts significant frontage: 700 feet along Macon Road and 300 feet along Cordova Station Road, ensuring high visibility and accessibility. The site is zoned CMU-1, allowing for a diverse range of development options, including retail, office, mixed-use projects, assisted living facilities, condominiums, and apartments. All utilities are conveniently located within the right-of-way, simplifying infrastructure development and reducing project costs. This is one of the last remaining undeveloped parcels in this thriving area, making it an exceptional investment opportunity for developers seeking a prime location with significant development potential. The property is located in Shelby County, Memphis, TN, zip code 38018. Its strategic location offers easy access to major transportation routes and a strong local market. This is a unique chance to acquire a substantial tract of land in a rapidly growing area of Memphis.

    Property Features for 0 Macon Rd And Cordova Sta Rd

    General Information

    Property type
    Land
    Lot Size
    439,956 SF

    HighLights

    • Rare undeveloped land parcel in the Germantown Pkwy corridor.
    • 700' of frontage on Macon Road.
    • 300' of frontage on Cordova Station Road.
    • Utilities readily available.
    • CMU‑1 zoning.
    • Permitted uses include retail, office, mixed‑use, assisted living, condos, and apartments.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7885017
    Latitude
    35.1538194

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    FAQs

    What type of property is this?
    Land - Prime Memphis commercial land, ideal for mixed-use development.
    Where is this land located?
    The property is located at Macon Rd And Cordova Sta Rd Memphis, TN.
    What are key features of this property?
    This property features: Rare undeveloped land parcel in the Germantown Pkwy corridor.; 700' of frontage on Macon Road.; 300' of frontage on Cordova Station Road.
    (901) 652-3778
    Request Owner's contact information
    Macon Rd And Cordova Sta Rd Memphis, TN 38018
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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
    Macon Rd And Cordova Sta Rd Memphis, TN 38018
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