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    57 Hwy 196 & Hwy Memphis, TN 38112

    For Sale
    Contact for pricing

    26.55 Acres, Mixed-Use Zoning, Hwy 57 & 196

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 26.55-acre commercial land parcel presents a unique investment opportunity in Memphis, Tennessee. Strategically located at the northwest corner of State Route 57 and State Route 196 in Piperton, Shelby County, this property boasts significant frontage and visibility. The site offers approximately 1,245 feet of frontage along SR 57 and approximately 941 feet along SR 196, ensuring high traffic exposure for any development. The property's zoning is primarily designated for Mixed Use and Commercial purposes, aligning with the City of Piperton's Land Use Plan. A small portion is currently zoned Rural Conservation. The parcel is identified by Tax Map numbers 164 081.00 & 164 081.03. Importantly, a FEMA flood map (47047c0415c, 11/5/2008) confirms the area lies outside the 100-year flood zone, mitigating potential development risks. This prime location, combined with its substantial size and favorable zoning, makes this property ideal for a wide range of commercial ventures. The 38112 zip code provides easy access to Memphis' amenities and infrastructure. This is a rare opportunity to acquire a large, strategically positioned tract of land in a rapidly growing area.

    Property Features for 57 Hwy 196 & Hwy

    General Information

    Property type
    Land
    Lot Size
    1,156,518 SF

    HighLights

    • 26.55‑acre commercial land parcel in Piperton, Shelby County, TN.
    • Mixed‑use and commercial zoning (small portion Rural Conservation); conforms to Piperton's Land Use Plan.
    • High visibility with ~1,245 ft frontage on SR 57 and ~941 ft on SR 196.
    • Outside 100‑year floodplain (FEMA map 47047c0415c, 11/5/2008).
    • Tax Map numbers: 164 081.00 & 164 081.03.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9673469
    Latitude
    35.1433749

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    FAQs

    What type of property is this?
    Land - 26.55 Acres, Mixed-Use Zoning, Hwy 57 & 196
    Where is this land located?
    The property is located at 57 Hwy 196 & Hwy Memphis, TN.
    What are key features of this property?
    This property features: 26.55-acre commercial land parcel in Piperton, Shelby County, TN.; Mixed-use and commercial zoning (small portion Rural Conservation); conforms to Piperton's Land Use Plan.; High visibility with ~1,245 ft frontage on SR 57 and ~941 ft on SR 196.
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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
    57 Hwy 196 & Hwy Memphis, TN 38112
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