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    5475 Elvis Presley Blvd Memphis, TN 38116

    Sponsored
    For Sale
    Contact for pricing

    Prime Memphis location, high visibility, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 100-acre property in Memphis, Tennessee, presents a significant investment opportunity. Located at 5475 Elvis Presley Boulevard in Shelby County, zip code 38116, this land boasts high visibility along US Highway 51 (Elvis Presley Blvd.) and offers unparalleled potential for various development projects. Its strategic location within the Whitehaven submarket provides convenient access to major transportation routes, including Interstate I-55 and the Memphis International Airport, just minutes away. The property is suitable for a wide range of uses, including retail, multi-family, mixed-use, and industrial development. The sellers are willing to subdivide the land to accommodate multiple uses, making it an attractive option for both large-scale and smaller-scale projects. This prime location in the thriving Memphis market offers significant advantages for investors seeking a lucrative and versatile development opportunity. The property's proximity to DeSoto County further enhances its appeal and accessibility. This is a rare opportunity to acquire a substantial parcel of land with exceptional visibility and development potential in a rapidly growing area.

    Property Features for 5475 Elvis Presley Blvd

    General Information

    Property type
    Land

    HighLights

    • 100‑acre development site in Memphis, TN, at 5475 Elvis Presley Blvd (US Hwy 51), zip code 38116.
    • High visibility location with convenient access to I‑55 and Memphis International Airport.
    • Suitable for retail, multi‑family, mixed‑use, and industrial development; seller will subdivide.
    • Prime location in the Whitehaven submarket, offering significant development potential in a rapidly growing area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.025336195503
    Latitude
    34.99857246884

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    FAQs

    What type of property is this?
    Land - Prime Memphis location, high visibility, development potential.
    Where is this land located?
    The property is located at 5475 Elvis Presley Blvd Memphis, TN.
    What are key features of this property?
    This property features: 100-acre development site in Memphis, TN, at 5475 Elvis Presley Blvd (US Hwy 51), zip code 38116.; High visibility location with convenient access to I-55 and Memphis International Airport.; Suitable for retail, multi-family, mixed-use, and industrial development; seller will subdivide.
    Request Owner's contact information
    5475 Elvis Presley Blvd Memphis, TN 38116
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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
    5475 Elvis Presley Blvd Memphis, TN 38116
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