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    Riverdale Rd Memphis, TN 38115

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    For Sale
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    High-traffic 0.825-acre commercial lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.825-acre commercial land parcel presents a prime investment opportunity in Memphis, Tennessee. Strategically located on Riverdale Road, this property boasts exceptional visibility and accessibility, situated directly adjacent to a Scooter's Coffee and Take 5 Car Wash, ensuring high foot and vehicle traffic. Its location just south of the intersection with Winchester Road further enhances its prominence. The property's 0.825-acre size offers ample space for a variety of commercial developments, benefiting from a significant traffic count of 34,916 AADT (Average Annual Daily Traffic). This translates to substantial exposure for any business established on this site. The property is zoned for commercial use (specific zoning details available upon request) and is ready for immediate development. Given its prime location, high traffic volume, and proximity to established businesses, this parcel represents a rare opportunity for investors seeking a strong return on investment in a thriving Memphis market. The Shelby County location and 38115 zip code offer easy access to major transportation routes and amenities. Serious inquiries are encouraged to explore the potential of this exceptional commercial land offering.

    Property Features for 0 Riverdale Rd

    General Information

    Property type
    Land
    Lot Size
    35,937 SF

    HighLights

    • 0.825‑acre parcel available for sale.
    • Excellent visibility, situated next to Scooter's Coffee and Take 5 Car Wash.
    • Convenient location just south of Winchester Road intersection.
    • High traffic count: 34,916 AADT.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8305461
    Latitude
    35.0456849

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    FAQs

    What type of property is this?
    Land - High-traffic 0.825-acre commercial lot
    Where is this land located?
    The property is located at Riverdale Rd Memphis, TN.
    What are key features of this property?
    This property features: 0.825-acre parcel available for sale.; Excellent visibility, situated next to Scooter's Coffee and Take 5 Car Wash.; Convenient location just south of Winchester Road intersection.
    (901) 334-5708
    Request Owner's contact information
    Riverdale Rd Memphis, TN 38115
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    Memphis, TN 38115
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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
    Riverdale Rd Memphis, TN 38115
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