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    Hollywood St Memphis, TN 38127

    Sponsored
    For Lease
    Contact for pricing

    Prime 0.79-acre lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.79-acre commercial land parcel presents a unique investment opportunity in Memphis, Tennessee. Situated in the thriving Frayser Trade Area, this single-tenant property boasts convenient access to Interstate 40, specifically Exit 5. The lot's location on North Hollywood Street offers high visibility and accessibility for businesses. With zero existing buildings, this blank canvas allows for complete design flexibility, catering to a wide range of commercial developments. The property is zoned for commercial use (specific zoning details available upon request). Its size provides ample space for construction, accommodating various project scales. The strategic location within the Frayser Trade Area ensures strong potential for attracting customers and maximizing return on investment. This is an exceptional chance to acquire a prime piece of land in a rapidly growing area of Memphis, offering significant potential for future development and profitability. The property is located in Shelby County, Tennessee, with a zip code of 38127. Detailed site plans and surveys are available upon request. This is a rare opportunity to secure a well-positioned commercial lot in a high-demand area.

    Property Features for 0 Hollywood St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Available Space
    Size
    0 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.975395
    Latitude
    35.1755229

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    FAQs

    What type of property is this?
    Land - Prime 0.79-acre lot, ideal for development.
    Where is this land located?
    The property is located at Hollywood St Memphis, TN.
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    Hollywood St Memphis, TN 38127
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    Memphis, TN 38127
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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
    Hollywood St Memphis, TN 38127
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