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    Lamar Ave Memphis, TN 38118

    Sponsored
    For Sale
    $202,800

    Prime 1.69-acre industrial lot in Memphis, TN.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.69-acre industrial land parcel, located at 0 Lamar Avenue in Memphis, Tennessee (zip code 38118), presents a compelling investment opportunity. The property, identified by tax parcel ID 073012 00033, boasts dimensions of approximately 338.4 feet by 216.36 feet. Its strategic location in Shelby County offers excellent access to major transportation arteries, including US Highway 78, US Highway 302, I-55, and East Shelby Drive, ensuring seamless logistics and distribution. The site's proximity to Memphis International Airport and the FedEx and UPS hubs (approximately 3 miles east) further enhances its appeal for businesses requiring efficient freight movement. Furthermore, its location is approximately 43 miles southeast of the Megasite of West Tennessee, the future site of Ford's Blue Oval City, suggesting potential for future growth and development in the surrounding area. The asking price for this ready-to-develop industrial land is $202,800. This property is classified as commercial land and represents a rare opportunity to acquire a strategically located parcel in a thriving industrial submarket.

    Property Features for 0 Lamar Ave

    General Information

    Property type
    Land
    Lot Size
    73,616 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.935877721022
    Latitude
    35.060708086977

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    FAQs

    What type of property is this?
    Land - Prime 1.69-acre industrial lot in Memphis, TN.
    Where is this land located?
    The property is located at Lamar Ave Memphis, TN.
    What is the asking price?
    The asking price for this property is $202,800.
    Request Owner's contact information
    Lamar Ave Memphis, TN 38118
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    Memphis, TN 38118
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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
    Lamar Ave Memphis, TN 38118
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