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    2320 Frayser Blvd Memphis, TN 38127

    Sponsored
    For Sale
    $450,000

    High-traffic Memphis land, QSR potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents two adjacent corner lots ideally situated at the intersection of Frayser Boulevard and Ardmore in Memphis, Tennessee, zip code 38127. The properties, totaling 1.14 acres, are offered as a package deal for $450,000, or individually. Lot 2320 Frayser Boulevard encompasses 0.81 acres and is priced at $250,000, while Lot 2330 Frayser Boulevard comprises 0.33 acres and is listed at $200,000. Both parcels are zoned CMU-1, making them perfectly suited for quick-service restaurant (QSR) redevelopment. This prime location boasts impressive daily traffic counts of 15,323 vehicles, ensuring high visibility and accessibility for any commercial venture. The dense demographics of the surrounding area further enhance the investment potential, promising a strong customer base. This is a rare chance to acquire strategically positioned land in a thriving Memphis neighborhood, ready for immediate development. The properties are located in Shelby County and offer significant upside for the discerning investor seeking a high-return opportunity in a rapidly growing market. Detailed site plans and zoning information are available upon request.

    Property Features for 2320 Frayser Blvd

    General Information

    Property type
    Land

    HighLights

    • High daily traffic count of 15,323 vehicles.
    • CMU‑1 zoning in a densely populated area.
    • Excellent redevelopment opportunity for a quick‑service restaurant (QSR).
    Property Profile Location Intelligence

    Current Use by Public Records

    K Styles Beauty ... Beauty Salon

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9862096
    Latitude
    35.2173576

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    FAQs

    What type of property is this?
    Land - High-traffic Memphis land, QSR potential.
    Where is this land located?
    The property is located at 2320 Frayser Blvd Memphis, TN.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: High daily traffic count of 15,323 vehicles.; CMU-1 zoning in a densely populated area.; Excellent redevelopment opportunity for a quick-service restaurant (QSR).
    Request Owner's contact information
    2320 Frayser Blvd 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
    2320 Frayser Blvd Memphis, TN 38127
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