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    2987 Frayser Blvd Memphis, TN 38128

    Sponsored
    For Sale
    $320,000

    Prime 0.36-acre lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.36-acre residential land parcel presents a unique investment opportunity in Memphis, Tennessee. Strategically located near major employers like Nike and Amazon, this property offers significant potential for various development projects. The land is comprised of three contiguous lots (084002-00004, 084002-00003, and 084002-00002), totaling slightly over an acre, and will be sold as a single, undivided unit. The address is 2987 Frayser Blvd, Memphis, TN 38128, situated in Shelby County. The asking price for this highly desirable property is $320,000. Its convenient location, proximity to established businesses, and substantial size make it an attractive proposition for investors and developers seeking a prime location in a rapidly growing area. The property's zoning and potential uses should be independently verified. This is a rare opportunity to acquire a significant land holding in a high-demand area. Don't miss out on this chance to secure a piece of Memphis's vibrant future. All offers will be considered.

    Property Features for 2987 Frayser Blvd

    General Information

    Property type
    Land
    Lot Size
    15,682 SF

    HighLights

    • 0.36‑acre land parcel in Memphis, TN, near Nike and Amazon.
    • Three contiguous lots (084002‑00004, 084002‑00003, 084002‑00002) totaling slightly over 0.36 acres, sold as a single unit.
    • Located at 2987 Frayser Blvd, Memphis, TN 38128, Shelby County.
    • Asking price: $320,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Auto Repair Shop Skin Care Clinic Accounting Firm Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.963984778777
    Latitude
    35.220984616664

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    FAQs

    What type of property is this?
    Land - Prime 0.36-acre lot, ideal for development.
    Where is this land located?
    The property is located at 2987 Frayser Blvd Memphis, TN.
    What is the asking price?
    The asking price for this property is $320,000.
    What are key features of this property?
    This property features: 0.36-acre land parcel in Memphis, TN, near Nike and Amazon.; Three contiguous lots (084002-00004, 084002-00003, 084002-00002) totaling slightly over 0.36 acres, sold as a single unit.; Located at 2987 Frayser Blvd, Memphis, TN 38128, Shelby County.
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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
    2987 Frayser Blvd Memphis, TN 38128
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