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    4660 Merchants Park Cir Collierville, TN 38017

    Sponsored
    For Sale
    Contact for pricing

    Prime Collierville land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land offering presents two distinct parcels totaling 3.68 acres in the thriving Collierville, Tennessee market. One parcel, encompassing 2.18 acres, enjoys a highly visible location between Interstate 385 and Collierville Road, adjacent to the Fairfield Inn. This strategically positioned site is pad-ready and presents significant development potential for a variety of uses, including hotel, medical, retail, restaurant, or entertainment establishments. The second parcel, measuring 1.5 acres, sits at the intersection of South Houston Levee Road and East Shelby Drive, neighboring Jared. This equally advantageous location is also pad-ready and offers similar development opportunities. Both parcels benefit from exceptional traffic counts: Interstate 385 boasts an average annual daily traffic (AADT) of 47,373 vehicles, while South Houston Levee Road sees 12,496 AADT, and East Shelby Drive registers 15,201 AADT. The property is situated near Carriage Crossing, Collierville's premier shopping center, ensuring high visibility and accessibility. This is a rare opportunity to acquire prime commercial land in a rapidly growing area with excellent infrastructure and strong demographics. The address for the larger parcel is 4660 Merchants Park Cir, Collierville, TN 38017. This property is located in Shelby County.

    Property Features for 4660 Merchants Park Cir

    General Information

    Property type
    Land
    Lot Size
    160,301 SF

    HighLights

    • 2.18‑acre parcel available between I‑385 and Collierville Road, adjacent to Fairfield Inn.
    • 1.5‑acre parcel available at S. Houston Levee Rd and E. Shelby Dr, next to Jared.
    • Both sites are pad‑ready.
    • Suitable for hotel, medical, retail, restaurant, or entertainment development.
    • High traffic counts: I‑385 (47,373 AADT), S. Houston Levee Rd (12,496 AADT), E. Shelby Dr (15,201 AADT).
    Property Profile Location Intelligence

    Current Use by Public Records

    Finish Line (located ... Shoe Store Mid-South Furniture Furniture Store Salon at Macy's Hair Salon

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Collierville
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7169463
    Latitude
    35.0246818

    Nearby Comparable

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    Nearby Similar for Sale

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      Collierville Office Building For Sale

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      Collierville Office Land Investment Opportunity

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      Collierville Restaurant - Hwy 72

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    FAQs

    What type of property is this?
    Land - Prime Collierville land, ideal for development.
    Where is this land located?
    The property is located at 4660 Merchants Park Cir Collierville, TN.
    What are key features of this property?
    This property features: 2.18-acre parcel available between I-385 and Collierville Road, adjacent to Fairfield Inn.; 1.5-acre parcel available at S. Houston Levee Rd and E. Shelby Dr, next to Jared.; Both sites are pad-ready.
    (972) 980-6132
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    4660 Merchants Park Cir Collierville, TN 38017
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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
    4660 Merchants Park Cir Collierville, TN 38017
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