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    Macon Rd @ Country Vlg Dr Memphis, TN 38018

    Sponsored
    For Sale
    $3,354,000

    Prime Cordova location, high traffic, 10 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 10.1-acre commercial land parcel presents a remarkable investment opportunity in the thriving Cordova, Tennessee market. Situated at the highly visible intersection of Macon Road and Country Village Drive, this property benefits from exceptional visibility and accessibility. The site boasts a prominent 100-foot flagpole, serving as a significant landmark and enhancing its recognition. Additional visibility is provided by Germantown Parkway signage. The property's location within the bustling Cordova retail area ensures high traffic counts and exposure to a substantial consumer base. The area is characterized by strong demographics and high household incomes, creating a favorable environment for a wide range of commercial developments. This expansive lot offers significant potential for various commercial uses, making it an ideal investment for developers seeking a prime location in a rapidly growing market. The asking price is $3,354,000. The property is zoned for commercial and multifamily uses, offering flexibility for diverse development plans. The address is Macon Rd @ Country Village Dr., Cordova, TN 38018. This is a rare opportunity to acquire a substantial land parcel in a prime retail corridor.

    Property Features for 0 Macon Rd @ Country Vlg Dr

    General Information

    Property type
    Multifamily properties
    Lot Size
    439,956 SF

    HighLights

    • 10.1‑acre commercial land parcel in Cordova, TN, at Macon Rd & Country Village Dr.
    • High visibility due to prominent location at a major intersection and a 100‑foot flagpole.
    • Additional visibility from Germantown Parkway signage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7920292
    Latitude
    35.1539127

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    FAQs

    What type of property is this?
    Multifamily property - Prime Cordova location, high traffic, 10 acres.
    Where is this multifamily property located?
    The property is located at Macon Rd @ Country Vlg Dr Memphis, TN.
    What is the asking price?
    The asking price for this property is $3,354,000.
    What are key features of this property?
    This property features: 10.1-acre commercial land parcel in Cordova, TN, at Macon Rd & Country Village Dr.; High visibility due to prominent location at a major intersection and a 100-foot flagpole.; Additional visibility from Germantown Parkway signage.
    (901) 758-1100
    Request Owner's contact information
    Macon Rd @ Country Vlg Dr Memphis, TN 38018
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    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 @ Country Vlg Dr Memphis, TN 38018
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