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    2549 Hollywood St Memphis, TN 38127

    For Sale
    Contact for pricing

    21 Acres Prime Commercial Land in Memphis, TN

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 21-acre commercial land parcel presents a unique investment opportunity in Memphis, Tennessee. Strategically located off I-240 at exit 5, this property offers immediate access to major transportation arteries, boasting high traffic counts of 19,982 AADT on N Hollywood St and 112,283 AADT on I-40. Its versatile zoning makes it ideal for a wide range of commercial and industrial uses, including warehouses, distribution centers, truck parking facilities, and storage solutions. The site's adjacency to Rodney Baber Park, a 77-acre recreational area, provides an attractive amenity for employees and customers. Furthermore, its proximity to established businesses, such as an Amazon Fulfillment Center and Nike's substantial logistics campus, underscores its strategic location within a thriving commercial hub. Outparcels are particularly well-suited for quick-service restaurants (QSRs) or convenience stores. The property was built in 2011 and is classified as Class A. This prime location, coupled with its size and versatility, makes this 21-acre tract an exceptional opportunity for developers and investors seeking a high-impact commercial investment in the Memphis market. The property is available immediately.

    Property Features for 2549 Hollywood St

    General Information

    Property type
    Land
    Lot Size
    914,760 SF

    HighLights

    • Versatile property suitable for warehouse, distribution, truck parking, or storage uses.
    • Excellent outparcel locations for quick‑service restaurants (QSR) or convenience stores (C‑Store).
    • Adjacent to 77‑acre Rodney Baber Park with recreational amenities.
    • Proximity to major distribution facilities including Amazon and Nike.
    • High traffic counts: 19,982 AADT on N Hollywood St and 112,283 AADT on I‑40.
    • Built in 2011.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Auto Repair Shop Clothing Store Hotel & Motel Auto Parts Store Food Market Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.976986
    Latitude
    35.196387

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    FAQs

    What type of property is this?
    Land - 21 Acres Prime Commercial Land in Memphis, TN
    Where is this land located?
    The property is located at 2549 Hollywood St Memphis, TN.
    What are key features of this property?
    This property features: Versatile property suitable for warehouse, distribution, truck parking, or storage uses.; Excellent outparcel locations for quick-service restaurants (QSR) or convenience stores (C-Store).; Adjacent to 77-acre Rodney Baber Park with recreational amenities.
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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
    2549 Hollywood St Memphis, TN 38127
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