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    American Way Memphis, TN 38118

    For Sale
    $185,000

    0.9-acre lot, high visibility, I-40 access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 0.9-acre commercial land parcel presents a unique investment opportunity in Memphis, Tennessee. Located at 0 American Way, this property boasts unparalleled visibility and accessibility. With a prime location offering easy access to Interstate 40 via the Getwell Road exit, this site is perfectly positioned to capitalize on significant traffic volume. Daily traffic counts reveal 10,702 vehicles passing on American Way and a substantial 49,882 vehicles on nearby Getwell Road, ensuring maximum exposure for any commercial venture. The property's 0.9-acre size provides ample space for development, making it suitable for a variety of commercial uses. Situated in Shelby County, with a Memphis, TN 38118 zip code, this land offers a strategic location within a thriving market. The asking price for this highly visible and conveniently located property is $185,000. This is an exceptional opportunity to acquire a well-positioned commercial lot with significant growth potential. Don't miss out on this chance to establish your business in a high-traffic area with excellent visibility and convenient interstate access.

    Property Features for 0 American Way

    General Information

    Property type
    Land
    Lot Size
    39,204 SF

    HighLights

    • 0.9‑acre commercial land parcel in Memphis, TN.
    • Prime location at 0 American Way with excellent visibility and accessibility.
    • High traffic counts: 10,702 vehicles daily on American Way and 49,882 on nearby Getwell Road.
    • Easy Interstate 40 access via Getwell Road exit.
    • Suitable for various commercial uses.
    • Asking price: $185,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9346659
    Latitude
    35.0277847

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    FAQs

    What type of property is this?
    Land - 0.9-acre lot, high visibility, I-40 access
    Where is this land located?
    The property is located at American Way Memphis, TN.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: 0.9-acre commercial land parcel in Memphis, TN.; Prime location at 0 American Way with excellent visibility and accessibility.; High traffic counts: 10,702 vehicles daily on American Way and 49,882 on nearby Getwell Road.
    Request Owner's contact information
    American Way 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
    American Way Memphis, TN 38118
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