Prime Memphis location, flexible zoning, high traffic.
Description
Added:
Dec 11, 2024
Days on Market:
395
This exceptional 4.28-acre commercial land parcel presents a unique investment opportunity in Memphis, Tennessee. Located on Quince Rd in Shelby County, zip code 38119, this property boasts flexible mixed-use zoning, allowing for a diverse range of development possibilities. Its strategic location is surrounded by established residential neighborhoods, ensuring a strong potential customer base. The site benefits from exceptional accessibility, with high traffic counts on nearby Kirby Rd (19,561 AADT) and Hwy 385 (126,362 AADT), guaranteeing high visibility and convenient access for businesses and residents alike. Within a one-mile radius, there's over 500,000 square feet of existing commercial space, indicating a thriving business environment. The area is well-served by a variety of established retailers, including Regional One Health, Kuehne + Nagel, The Home Depot, AutoZone, Dollar Tree, Kroger, Starbucks, ROSS, Walgreens, ATC Fitness, Planet Fitness, Dollar General, and Family Dollar, among many others. This property is ideal for developers seeking to create residential, retail, or office spaces, capitalizing on the strong existing infrastructure and high demand in this rapidly growing area of Memphis. The property's size and zoning flexibility offer significant potential for a variety of development projects.
Property Features for 0 Quince Rd
General Information
Property type
Land
Lot Size
186,437 SF
HighLights
4.28‑acre commercial land parcel in Memphis, TN (38119), located on Quince Rd in Shelby County.
Mixed‑use zoning allows for diverse development options.
Surrounded by established residential neighborhoods, providing a strong customer base.
High traffic counts on nearby Kirby Rd (19,561 AADT) and Hwy 385 (126,362 AADT) ensure high visibility and accessibility.
Over 500,000 square feet of existing commercial space within a one‑mile radius.
Land - Prime Memphis location, flexible zoning, high traffic.
Where is this land located?
The property is located at Quince Rd Memphis, TN.
What are key features of this property?
This property features: 4.28-acre commercial land parcel in Memphis, TN (38119), located on Quince Rd in Shelby County.; Mixed-use zoning allows for diverse development options.; Surrounded by established residential neighborhoods, providing a strong customer base.
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Quince Rd Memphis, TN 38119
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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.
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Quince Rd Memphis, TN 38119
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Quince Rd, Memphis, TN
Wriley Gillen
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Wriley Gillen
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Quince Rd, Memphis, TN
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Quince Rd, Memphis, TN
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to Quince Rd Memphis, TN 38119
Quince Rd, Memphis, TN
Wriley Gillen
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