Building Details

Tenancy Single

Listing Agency: Makowsky Ringel Greenberg LLC m***@mrgmemphis.com Show Phone

Listed By: Michael Greenberg · License #TN 242677

Source: Crexi

Added: Sep 20, 2024 Changed: Aug 8 Last Checked: Aug 10 at 1:19PM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Makowsky Ringel Greenberg LLC

Investment Insights

Based on property information with market context.

This 1.6-acre parcel of land is available for ground lease in North Memphis, situated on Highway 51 at the intersection of Highway 51 and North Watkins St. The corner lot is part of a larger mini-storage facility, with storage units available if needed. Zoned CMU-III, the property is suitable for various uses, including outdoor storage, landscaping or construction equipment storage, parking, or commercial development. The parcel can be fenced, subdivided, and secured to meet specific needs. Paving, graveling, or a combination of both can be arranged based on the customer's requirements. The property features a private gated entrance and is well-lit at night.

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick Law Firm Restaurant Hair Salon Spa & Massage Center Building Supply Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

256

Businesses Nearby

Explore this area Business Placement

Demographics for 38127, TN

40,679

Population

17,560

Households

2.3

Avg Household Size

33

Median Age

11%

College-Educated

83%

High-School Grad

37.8 sq mi

ZIP Area

1,076

Density / Sq Mi

$37,768

Median Household Income

$31,790

Median Earnings

$1,104

Median Rent

$82,500

Median Home Value

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this commercial land located? What is the lease rate? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Rent Nearby

Medical Office Property at Intersection

8071 Winchester Rd, Memphis, TN 38125

$4,810/Mo

4,810 sqft

View details

Distribution Office Showroom Flex Space

1650 N Shelby Oaks Dr, Memphis, TN 38134

$9,375/Mo

9,375 sqft

View details

Hospital-Adjacent Medical Office Building

3950 New Covington Pike, Memphis, TN 38128

$750/Mo

12,800 sqft

View details

Office Space for Lease

5796 Shelby Oaks, Memphis, TN 38134

$12 SF/Yr

6,245 sqft

View details

Medical Office Space with Skybridge

1211 Union Ave, Memphis, TN 38104

$2,179/Mo

2,179 sqft

View details

Medical Office Building Suites

1264 Wesley Dr, Memphis, TN 38116

$1,347/Mo

1,574 sqft

View details

Prime Frontage Retail Space

2235 Whitten Road, Memphis, TN 38133

$20 SF/Yr

1,300 sqft

View details

Office Condo Suites C8 and C9

109 N Main St, Memphis, TN 38103

$17 SF/Yr

7,774 sqft

View details

Office Space with Contractor-Friendly Site

1706 Bartlett Rd, Memphis, TN 38134

$2,460/Mo

2,460 sqft

View details

Industrial Park Warehouse Space

7850 Stage Hills Blvd, Memphis, TN 38133

$2,850/Mo

2,850 sqft

View details

Medical Office Space with Rear Ramp

1107 E RAINES Rd, Memphis, TN 38116

$1,400/Mo

View details

Downtown Memphis Office Space Available

200 Jefferson Avenue, Memphis, TN 38103

$23 SF/Yr

4,062 sqft

View details

Frequently Asked Questions

What type of property is this?

Commercial land - 1.6 acre commercial land for lease on Hwy 51.

Where is this commercial land located?

The property is located at 4085 Thomas St Memphis, TN.