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    Austin Peay Hwy Memphis, TN 38128

    Sponsored
    For Sale
    $350,000

    One-acre commercial lot near major retailers.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional one-acre commercial lot is strategically located off Austin Peay Highway in Memphis, Tennessee, near the intersection of Covington Pike. The property boasts a prime location in a high-traffic area, with immediate proximity to major retail destinations including a Walmart and the 246-bed Methodist North Hospital. This presents a significant advantage for businesses seeking high visibility and accessibility. The lot is zoned R-10, offering flexibility for various commercial developments. Its size provides ample space for a range of projects, capitalizing on the area's growth potential. The property's location places it on a direct route to the burgeoning Blue Oval City development, ensuring long-term growth and increased traffic flow. This presents a unique opportunity to invest in a rapidly expanding trade area with strong staying power, benefiting from the presence of established corporate retailers and the ongoing development of Blue Oval City. The parcel number is 08700700013. The asking price for this exceptional property is $350,000.

    Property Features for 0 Austin Peay Hwy

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • One‑acre commercial lot near major retailers including Walmart and Methodist North Hospital in Memphis, TN.
    • High‑traffic location on Austin Peay Highway, near Covington Pike intersection.
    • Direct route to the Blue Oval City development.
    • R‑10 zoning allows for flexible commercial development; Parcel # 08700700013; Asking price: $350,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.88925552
    Latitude
    35.2402432

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    FAQs

    What type of property is this?
    Land - One-acre commercial lot near major retailers.
    Where is this land located?
    The property is located at Austin Peay Hwy Memphis, TN.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: One-acre commercial lot near major retailers including Walmart and Methodist North Hospital in Memphis, TN.; High-traffic location on Austin Peay Highway, near Covington Pike intersection.; Direct route to the Blue Oval City development.
    Request Owner's contact information
    Austin Peay Hwy Memphis, TN 38128
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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
    Austin Peay Hwy Memphis, TN 38128
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