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    Winchester & Mendenhall Memphis, TN 38115

    Sponsored
    For Sale
    Contact for pricing

    High-visibility Memphis commercial land.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional .5-1 acre commercial land parcel presents a prime investment opportunity in Memphis, Tennessee. Located at the intersection of Winchester and Mendenhall Roads, this property boasts unparalleled visibility and accessibility, benefiting from high daily traffic counts exceeding 36,000 vehicles. The land is priced at $12 per square foot, representing a compelling value proposition for developers and investors seeking a strategic location within a thriving commercial area. The property's ideal position offers two convenient points of access, ensuring ease of ingress and egress for customers and employees. Its location within the Mendenhall Square Mall vicinity provides additional exposure and potential synergy with existing businesses. This is a rare opportunity to acquire a highly visible and accessible commercial land parcel in a prime Memphis location, perfect for a variety of commercial developments. The Shelby County address and 38115 zip code further solidify its strategic position within a well-established commercial corridor. The property's size and location make it suitable for a range of commercial uses, offering significant potential for future growth and return on investment. Serious inquiries are encouraged.

    Property Features for 0 Winchester & Mendenhall

    General Information

    Property type
    Land
    Lot Size
    21,780 SF

    HighLights

    • Asking rent: $12.00 per square foot.
    • High visibility with dual access points on Winchester and Mendenhall Roads.
    • Daily traffic count exceeding 36,000 vehicles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8862129
    Latitude
    35.0505978

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    FAQs

    What type of property is this?
    Land - High-visibility Memphis commercial land.
    Where is this land located?
    The property is located at Winchester & Mendenhall Memphis, TN.
    What are key features of this property?
    This property features: Asking rent: $12.00 per square foot.; High visibility with dual access points on Winchester and Mendenhall Roads.; Daily traffic count exceeding 36,000 vehicles.
    Request Owner's contact information
    Winchester & Mendenhall 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 & Mendenhall Memphis, TN 38115
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