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    W Parkway Memphis, TN 38109

    For Sale
    $175,000

    .58 acre lot, prime commercial location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 0.583-acre commercial land parcel is situated at the highly visible corner of Estill Street and South Parkway West in Memphis, Tennessee. This prime location boasts a significant daily traffic count, making it ideal for a variety of commercial ventures. The property is zoned for commercial use, offering flexibility for development. Its strategic location near downtown Memphis, the airport, and major highways ensures easy accessibility for both local and interstate customers. Surrounded by residential areas, schools, and parks, the site benefits from a diverse and substantial potential customer base. The vacant lot is ready for immediate development, with existing utilities readily available on-site. This presents a unique opportunity to establish a business in a high-demand area with minimal competition. The asking price is $175,000. The property's APN is 035003 00001C. This is a rare opportunity to acquire a highly desirable commercial lot in a thriving Memphis neighborhood. The property's location at a busy intersection offers unparalleled visibility and access, making it an attractive investment for entrepreneurs seeking a strategic location for their business. The absence of direct competition in the immediate vicinity further enhances the potential for success.

    Property Features for W Parkway

    General Information

    Property type
    Land
    Lot Size
    25,395 SF

    HighLights

    • Excellent location for convenience store, gas station, or retail use.
    • High demand for convenience and fuel services.
    • No competing businesses nearby.
    • Strong potential for local and interstate customer base.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.073643
    Latitude
    35.1080159

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    FAQs

    What type of property is this?
    Land - .58 acre lot, prime commercial location.
    Where is this land located?
    The property is located at W Parkway Memphis, TN.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Excellent location for convenience store, gas station, or retail use.; High demand for convenience and fuel services.; No competing businesses nearby.
    Request Owner's contact information
    W Parkway Memphis, TN 38109
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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
    W Parkway Memphis, TN 38109
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