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    Hollywood St Memphis, TN 38127

    For Sale
    Contact for pricing

    0.79-acre commercial lot in Memphis, TN.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 0.79-acre commercial land parcel presents a unique investment opportunity in Memphis, Tennessee. Strategically located on North Hollywood Street in Shelby County, zip code 38127, this property enjoys high visibility and accessibility, situated just off Interstate 40's Exit 5 ramp. The site is ideally positioned within the thriving Frayser Trade Area, benefiting from the proximity to major employers. Specifically, it's less than 2.5 miles from the Nike North America Logistics Campus, employing over 2,600 people, and approximately 3.6 miles from an Amazon Fulfillment Center with a workforce exceeding 2,000. This prime location ensures significant traffic exposure, with high daily traffic counts on both Interstate 40 (112,640 vehicles) and North Hollywood Street itself (27,280 vehicles). The property is available for sale, ground lease, or build-to-suit options, providing flexibility for various development scenarios. This presents a compelling opportunity for investors and developers seeking a well-located parcel in a rapidly growing area with strong employment demographics and excellent transportation links. The property's size and location make it suitable for a wide range of commercial uses.

    Property Features for 0 Hollywood St

    General Information

    Property type
    Land
    Lot Size
    34,412 SF

    HighLights

    • Land available for sale, ground lease, or build‑to‑suit.
    • Prime location in the Frayser trade area, proximate to Nike's North America Logistics campus.
    • High‑traffic area near major employers: Nike (2,600+ employees, 2.5 miles) and Amazon (2,000+ employees, 3.6 miles).
    • Excellent accessibility with high traffic counts: I‑40 (112,640 AADT) and North Hollywood St (27,280 AADT).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.975395
    Latitude
    35.1755229

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    FAQs

    What type of property is this?
    Land - 0.79-acre commercial lot in Memphis, TN.
    Where is this land located?
    The property is located at Hollywood St Memphis, TN.
    What are key features of this property?
    This property features: Land available for sale, ground lease, or build-to-suit.; Prime location in the Frayser trade area, proximate to Nike's North America Logistics campus.; High-traffic area near major employers: Nike (2,600+ employees, 2.5 miles) and Amazon (2,000+ employees, 3.6 miles).
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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
    Hollywood St Memphis, TN 38127
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