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    Summer Ave Memphis, TN 38134

    Sponsored
    For Sale
    $479,900

    Large tract, high-traffic location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial land offering presents a unique investment opportunity in a rapidly developing area of Memphis, Tennessee. Located on Summer Avenue (Hwy 70) near the intersection of Whitten Road, this large parcel boasts 930 feet of prime roadside frontage. The property is zoned C-H and offers significant potential for various commercial developments. Its strategic location places it just 0.64 miles from the Union Depot development, a 74-acre mixed-use project encompassing 622 residential units. The area also benefits from proximity to the $25 million Robinwood Retirement Community and the Salvation Army's regional headquarters, further enhancing its appeal. Recent traffic counts reveal high daily vehicle volumes on Summer Avenue (20,028 VPD) and Whitten Road (29,693 VPD), indicating strong potential for commercial success. With new retailers establishing themselves in the area at a rapid pace and robust retail demographics, this property represents a rare opportunity for astute investors seeking a high-visibility location with substantial growth potential. The asking price is $479,900, and the property's APN is B0201 00178. This is a truly exceptional opportunity in a thriving Memphis market.

    Property Features for 0 Summer Ave

    General Information

    Property type
    Land

    HighLights

    • $479,900 asking price for this commercial land parcel.
    • Located on Summer Ave in Memphis, TN, with APN B0201 00178.
    • C‑H zoning designation.
    • 930 feet of Summer Ave/Highway 70 frontage, boasting high traffic counts (Summer Ave: 20,028 VPD; Whitten Rd: 29,693 VPD).
    • Large lot offering a low cost of entry for multi‑lot development.
    • Proximity to the Union Depot mixed‑use development (0.64 miles) and other significant developments.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.841618
    Latitude
    35.198151

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    FAQs

    What type of property is this?
    Land - Large tract, high-traffic location.
    Where is this land located?
    The property is located at Summer Ave Memphis, TN.
    What is the asking price?
    The asking price for this property is $479,900.
    What are key features of this property?
    This property features: $479,900 asking price for this commercial land parcel.; Located on Summer Ave in Memphis, TN, with APN B0201 00178.; C-H zoning designation.
    Request Owner's contact information
    Summer Ave Memphis, TN 38134
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    Memphis, TN 38134
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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
    Summer Ave Memphis, TN 38134
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