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    10111 Houston Levee Rd. Canada Rd And Cobb Rd Memphis, TN 38016

    Sponsored
    For Sale
    $3,593,700

    15 Acres, Prime Cordova Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 15-acre commercial land parcel presents a remarkable investment opportunity in Cordova, Tennessee. Strategically located along Highway 64, this property boasts 710 feet of highway frontage, ensuring high visibility and accessibility. Zoned PUD, it offers considerable flexibility for a variety of commercial developments, including multi-family, industrial, self-storage, office complexes, or retail centers. City water, sewer, and utilities are readily available, simplifying the development process. The property's prime location within the Highway 64 retail corridor places it minutes from Lakeland, Bartlett, Arlington, and Oakland, providing convenient access to a substantial consumer base. Its proximity to major interchanges—4 miles to I-269/Highway 64 and 2.5 miles to I-40/Highway 64—further enhances its strategic value. Additionally, the site is a convenient 25-minute drive to the new plant in Stanton, TN. The asking price is $3,593,700, translating to a land value of $5.50 per square foot. Development options include subdividing, ground leasing, and build-to-suit arrangements. Don't miss this chance to acquire a highly visible and versatile commercial property in a rapidly growing area. This is a truly exceptional opportunity for significant commercial development and long-term investment potential.

    Property Features for 10111 Houston Levee Rd. Canada Rd And Cobb Rd

    General Information

    Property type
    Land
    Lot Size
    653,400 SF

    HighLights

    • High‑visibility Hwy 64 retail corridor location.
    • Convenient access to Lakeland, Bartlett, Arlington, and Oakland.
    • 15‑acre parcel with 710 feet of Hwy 64 frontage.
    • City water, sewer, and utilities readily available.
    • PUD zoning.
    • Development options include subdividing, ground lease, and build‑to‑suit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7203752
    Latitude
    35.2027069

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    FAQs

    What type of property is this?
    Land - 15 Acres, Prime Cordova Location
    Where is this land located?
    The property is located at 10111 Houston Levee Rd. Canada Rd And Cobb Rd Memphis, TN.
    What is the asking price?
    The asking price for this property is $3,593,700.
    What are key features of this property?
    This property features: High-visibility Hwy 64 retail corridor location.; Convenient access to Lakeland, Bartlett, Arlington, and Oakland.; 15-acre parcel with 710 feet of Hwy 64 frontage.
    Request Owner's contact information
    10111 Houston Levee Rd. Canada Rd And Cobb Rd Memphis, TN 38016
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    Memphis, TN 38016
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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
    10111 Houston Levee Rd. Canada Rd And Cobb Rd Memphis, TN 38016
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