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    Forest Hill Irene Rd Memphis, TN 38125

    Sponsored
    For Sale
    $950,000

    Prime 1.87-acre commercial lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.87-acre commercial land parcel is ideally situated in Memphis, Tennessee, offering unparalleled visibility and accessibility. Located directly off Highway 385, this property benefits from high traffic counts and excellent exposure. Its strategic position between the thriving communities of Germantown and Collierville ensures a strong potential for significant return on investment. The site is zoned commercial, subject to site plan review, making it suitable for a variety of uses. The area has experienced substantial recent development, with millions invested in the surrounding area in the past year. This presents a unique opportunity to capitalize on the continued growth and expansion of this desirable location. The property's proximity to three new upscale apartment communities further enhances its appeal, providing a built-in customer base for commercial ventures. This location is perfect for quick-service restaurants (QSRs) and other businesses seeking high visibility and convenient access. The asking price for this exceptional opportunity is $950,000. Don't miss out on this chance to secure a prime piece of commercial real estate in a rapidly developing area of Memphis. The property's location offers interstate visibility, ensuring maximum exposure to potential customers.

    Property Features for 0 Forest Hill Irene Rd

    General Information

    Property type
    Land
    Lot Size
    81,457 SF

    HighLights

    • $950,000 asking price.
    • 1.87‑acre commercial land parcel.
    • Excellent QSR site near Germantown and Collierville.
    • High visibility from Interstate.
    • Located near three new upscale apartment communities.
    • Commercially zoned, subject to site plan review.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.759723523765
    Latitude
    35.029952922553

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    FAQs

    What type of property is this?
    Land - Prime 1.87-acre commercial lot
    Where is this land located?
    The property is located at Forest Hill Irene Rd Memphis, TN.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: $950,000 asking price.; 1.87-acre commercial land parcel.; Excellent QSR site near Germantown and Collierville.
    Request Owner's contact information
    Forest Hill Irene Rd Memphis, TN 38125
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    Memphis, TN 38125
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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
    Forest Hill Irene Rd Memphis, TN 38125
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