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    4855 Egypt Central Rd Memphis, TN 38128

    For Sale
    Contact for pricing

    Prime Memphis land, mixed-use zoning, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 18.853-acre property in Memphis, Tennessee, presents a remarkable investment opportunity. Situated on Austin Peay Highway, this land boasts 1,855+/- feet of highway frontage, ensuring exceptional visibility to the 23,170 vehicles that travel this busy thoroughfare daily. The property's strategic location offers unparalleled access and exposure. The zoning is a key advantage, with 14.218 acres designated CMU-2 (Commercial Mixed-Use) and 4.635 acres zoned RU-3 (Residential). This dual zoning allows for diverse development options, catering to a wide range of commercial and residential projects. Its proximity to Methodist North Hospital (less than a mile away, a 246-bed facility) further enhances its appeal. The surrounding area is densely populated, with over 80,000 residents within a 5-mile radius and an average household income exceeding $89,269 within a 3-mile radius. The property's APN is 087006 00004 & 087006 00008. This location offers developers the chance to capitalize on a thriving market and create a successful venture. The Shelby County location and 38128 zip code add to its desirability.

    Property Features for 4855 Egypt Central Rd

    General Information

    Property type
    Land
    Lot Size
    821,237 SF

    HighLights

    • 18.853‑acre land parcel for sale on Austin Peay Hwy, Memphis, TN.
    • 1,855+ feet of highway frontage.
    • 14.218 acres zoned CMU‑2 (Commercial Mixed‑Use) and 4.635 acres zoned RU‑3 (Residential).
    • Less than one mile from Methodist North Hospital.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.891518473968
    Latitude
    35.242376526814

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    FAQs

    What type of property is this?
    Land - Prime Memphis land, mixed-use zoning, high traffic.
    Where is this land located?
    The property is located at 4855 Egypt Central Rd Memphis, TN.
    What are key features of this property?
    This property features: 18.853-acre land parcel for sale on Austin Peay Hwy, Memphis, TN.; 1,855+ feet of highway frontage.; 14.218 acres zoned CMU-2 (Commercial Mixed-Use) and 4.635 acres zoned RU-3 (Residential).
    (901) 683-0808
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    4855 Egypt Central Rd Memphis, TN 38128
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    Memphis, TN 38128
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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
    4855 Egypt Central Rd Memphis, TN 38128
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