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    Highway 72 Collierville, TN 38017

    For Sale
    $1,500,000

    Prime 1.85-acre corner lot, Hwy 72 & Cayce Rd.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1.85-acre commercial land parcel presents a unique investment opportunity in the rapidly expanding Piperton, Tennessee market. Strategically located on the high-traffic corner of Highway 72 and Cayce Road, this property boasts 123 feet of frontage along Highway 72, providing unparalleled visibility and accessibility. The site's location within a densely populated warehouse district creates a high demand for convenient food and beverage options, making it ideally suited for a quick-service restaurant (QSR). The surrounding area is characterized by a significant concentration of warehouses, indicating a substantial workforce in need of readily available food services. While the seller has restricted gas station use, the property's prime location and high visibility make it an attractive prospect for a variety of commercial developments. The property is situated in Fayette County, Tennessee, with a zip code of 38017, offering easy access to Collierville and other nearby communities. This corner lot presents a compelling investment opportunity for developers seeking to capitalize on the growth and demand in this thriving area. The asking price for this exceptional property is $1,500,000.

    Property Features for 0 Highway 72

    General Information

    Property type
    Land
    Lot Size
    80,586 SF

    HighLights

    • 123 feet of highway frontage on Hwy 72.
    • Corner lot, perfect for a quick‑service restaurant (QSR).
    • Located in a high‑density warehouse area with limited food options.
    • Seller restricts gas station use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Collierville
    County
    Fayette
    State
    Tennessee
    Longitude
    -89.618303
    Latitude
    34.996717

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    FAQs

    What type of property is this?
    Land - Prime 1.85-acre corner lot, Hwy 72 & Cayce Rd.
    Where is this land located?
    The property is located at Highway 72 Collierville, TN.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 123 feet of highway frontage on Hwy 72.; Corner lot, perfect for a quick-service restaurant (QSR).; Located in a high-density warehouse area with limited food options.
    Request Owner's contact information
    Highway 72 Collierville, TN 38017
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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
    Highway 72 Collierville, TN 38017
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