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    108 Highway 72 Collierville, TN 38017

    Sponsored
    For Sale
    $2,000,000

    Prime 6.83-acre commercial site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6.83-acre development site presents a compelling investment opportunity in Collierville, Tennessee. Located at 108 Hwy 72 West, this property boasts a highly visible, signalized hard corner intersection on the four-lane US Highway 72 and Center Street, providing unparalleled access and exposure. The site's strategic location offers convenient access to the historic Collierville Town Square, enhancing its appeal to a wide range of potential uses. Zoned for commercial and mixed-use development, this parcel presents significant potential for a variety of projects. The expansive lot size allows for substantial development, catering to large-scale commercial ventures or a mix of commercial and residential uses. Given its prime location and visibility, this property is ideally suited for businesses seeking high traffic volume and strong brand recognition. The asking price for this exceptional development opportunity is $2,000,000. This property is situated in Shelby County, Tennessee, with a zip code of 38017. The coordinates are 35.0603204 latitude and -89.6439924 longitude. This is a rare opportunity to acquire a significant land parcel in a thriving and desirable community.

    Property Features for 108 Highway 72

    General Information

    Property type
    Land
    Lot Size
    297,515 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Auto Repair Shop Clothing Store Nail Salon Hotel & Motel Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Collierville
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.6439924
    Latitude
    35.0603204

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    FAQs

    What type of property is this?
    Land - Prime 6.83-acre commercial site.
    Where is this land located?
    The property is located at 108 Highway 72 Collierville, TN.
    What is the asking price?
    The asking price for this property is $2,000,000.
    (901) 853-0763
    Request Owner's contact information
    108 Highway 72 Collierville, TN 38017
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    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
    108 Highway 72 Collierville, TN 38017
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