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    Winchester Rd Memphis, TN 38115

    Sponsored
    For Sale
    $1,100,000

    6.73 Acres, High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6.73-acre commercial land parcel presents a remarkable investment opportunity in the thriving Southeast Memphis area. Strategically located on Winchester Road and Starkenburg Lane, this vacant lot offers unparalleled visibility and accessibility. The property's prime location near the I-385 exit ensures convenient access for customers and employees. Its proximity to major retailers such as Home Depot, Ross, and Goodwill further enhances its desirability and potential for significant return on investment. The lot is divisible, with individual parcels ranging from 1 to 3.44 acres, providing flexibility for various development scenarios. Permitted uses include retail, office, business, and church development, catering to a wide range of potential buyers and tenants. The asking price for this exceptional property is $1,100,000. This represents a unique chance to acquire a substantial land holding in a high-growth area of Memphis, Tennessee, within Shelby County, zip code 38115. The property's size and location make it ideal for a variety of commercial ventures, offering significant potential for future appreciation and income generation. Don't miss this opportunity to secure a prime piece of Memphis real estate.

    Property Features for 0 Winchester Rd

    General Information

    Property type
    Land
    Lot Size
    293,159 SF

    HighLights

    • Convenient I‑385 freeway access.
    • Excellent retail location near Home Depot, Ross, and Goodwill.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8664074
    Latitude
    35.0500637

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    FAQs

    What type of property is this?
    Land - 6.73 Acres, High-Traffic Location
    Where is this land located?
    The property is located at Winchester Rd Memphis, TN.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Convenient I-385 freeway access.; Excellent retail location near Home Depot, Ross, and Goodwill.;
    Request Owner's contact information
    Winchester Rd Memphis, TN 38115
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    Memphis, TN 38115
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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
    Winchester Rd Memphis, TN 38115
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