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    1650 Latham St Memphis, TN 38106

    For Sale
    $86,400

    2.16-acre commercial/industrial lot. Prime Memphis location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 2.16-acre parcel of land presents a remarkable opportunity for investors and developers. Located at 1650 Latham Street in Memphis, Tennessee, zip code 38106, this property boasts a highly desirable commercial and industrial zoning designation (EMP). The lot is situated on a corner lot at the intersection of Latham Street and E Person, offering excellent visibility and accessibility. The land is largely cleared, simplifying development plans. Existing utilities are readily available on-site, reducing infrastructure costs and expediting project timelines. This prime location in Shelby County offers significant potential for a variety of commercial and industrial uses, making it an ideal investment for those seeking a strategic foothold in the Memphis market. The asking price for this exceptional property is $86,400. Don't miss this chance to acquire a valuable asset in a thriving area.

    Property Features for 1650 Latham St

    General Information

    Property type
    Land
    Lot Size
    94,090 SF

    HighLights

    • 2.16‑acre commercial/industrial lot in Memphis, TN (38106).
    • Located on a corner lot at Latham St. and E Person St., offering high visibility.
    • EMP zoning allows for diverse commercial and industrial uses.
    • Cleared lot with readily available utilities, minimizing development costs.
    • Asking price: $86,400.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.051803952436
    Latitude
    35.101367291096

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    FAQs

    What type of property is this?
    Land - 2.16-acre commercial/industrial lot. Prime Memphis location.
    Where is this land located?
    The property is located at 1650 Latham St Memphis, TN.
    What is the asking price?
    The asking price for this property is $86,400.
    What are key features of this property?
    This property features: 2.16-acre commercial/industrial lot in Memphis, TN (38106).; Located on a corner lot at Latham St. and E Person St., offering high visibility.; EMP zoning allows for diverse commercial and industrial uses.
    Request Owner's contact information
    1650 Latham St Memphis, TN 38106
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    Memphis, TN 38106
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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
    1650 Latham St Memphis, TN 38106
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