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    Martin Luther King Jr Dr And Southland Dr West Memphis, AR 72301

    Sponsored
    For Sale
    $275,000

    0.88-acre lot, $275,000, I-40 access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 0.88-acre commercial land parcel presents a unique investment opportunity in West Memphis, Arkansas. Strategically located at I-40 Exit 280, this property offers unparalleled accessibility and visibility. The site is zoned for commercial use, providing flexibility for a wide range of development possibilities. Its proximity to Downtown Memphis and the Southland Casino ensures high traffic volume and significant potential for attracting customers. The asking price is $275,000, representing a compelling value for this prime location. The property encompasses 38,332 square feet of usable land, providing ample space for various commercial ventures. A ground lease option may also be considered. This property is situated in Crittenden County, Arkansas, with a 72301 zip code, and is conveniently located at the intersection of Martin Luther King Jr. Drive and Southland Drive. Given its location, size, and zoning, this land parcel is ideal for businesses seeking a high-traffic, easily accessible location in a thriving area. Don't miss this chance to acquire a valuable piece of commercial real estate in a rapidly developing region.

    Property Features for 0 Martin Luther King Jr Dr And Southland Dr

    General Information

    Property type
    Land
    Lot Size
    38,333 SF

    HighLights

    • $275,000 asking price.
    • Ground lease option available.
    • Commercially zoned.
    • I‑40 Exit 280 location.
    • Convenient to Downtown Memphis and Southland Casino.
    • 38,332 square feet available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    West Memphis
    County
    Crittenden
    State
    Arkansas
    Longitude
    -90.135421
    Latitude
    35.1577328

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    FAQs

    What type of property is this?
    Land - 0.88-acre lot, $275,000, I-40 access.
    Where is this land located?
    The property is located at Martin Luther King Jr Dr And Southland Dr West Memphis, AR.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: $275,000 asking price.; Ground lease option available.; Commercially zoned.
    Request Owner's contact information
    Martin Luther King Jr Dr And Southland Dr West Memphis, AR 72301
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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
    Martin Luther King Jr Dr And Southland Dr West Memphis, AR 72301
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