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    660 Mount Pleasant Rd Collierville, TN 38017

    Sponsored
    For Sale
    $798,000

    6.33 acres, prime development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional investment opportunity in Collierville, Tennessee, encompassing 6.33 acres of land ideally suited for industrial development. This property is comprised of two parcels: a 2.2-acre parcel located at 0 Progress Road, with a restricted industrial zoning designation (Parcel ID: C0245 00350), and a 4.13-acre parcel situated at 660 S Mt Pleasant Rd (Parcel ID: C0259 00040), currently zoned for agricultural use but possessing significant potential for industrial rezoning. The combined land area offers substantial frontage along Highway 385, providing convenient access via Highway 72 and Shelby Drive. The asking price for this strategically located property is $798,000, translating to a land value of $2.89 per square foot. This presents a rare chance to acquire a sizable tract of land with high development potential in a thriving Collierville location, offering excellent connectivity to major transportation arteries. The property's dual parcel composition allows for flexible development strategies, catering to a range of industrial projects. This is a remarkable opportunity for investors seeking to capitalize on the growth and demand within the Collierville industrial market. The Shelby County location and proximity to key roadways ensure strong logistical advantages for any future development. This property is offered at $798,000.

    Property Features for 660 Mount Pleasant Rd

    General Information

    Property type
    Farms
    Lot Size
    275,735 SF

    HighLights

    • 2.2 +/- acre parcel at 0 Progress Road, Collierville, TN 38017 (Parcel ID: C0245 00350), zoned Restricted Industrial.
    • 4.13 +/- acre parcel at 660 Mt. Pleasant Road, Collierville, TN 38017 (Parcel ID: C0259 00040), currently Farm zoned with Industrial Zoning Potential, offering frontage along Hwy 385 and easy access from Hwy 72 and Shelby Drive.
    • Asking price: $798,000 ($2.89/sf).
    Property Profile Location Intelligence

    Current Use by Public Records

    Georgetown Home Builder

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Hair Salon Wholesale Shop Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Collierville
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.650454
    Latitude
    35.025801

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    FAQs

    What type of property is this?
    Farm - 6.33 acres, prime development opportunity.
    Where is this farm located?
    The property is located at 660 Mount Pleasant Rd Collierville, TN.
    What is the asking price?
    The asking price for this property is $798,000.
    What are key features of this property?
    This property features: 2.2 +/- acre parcel at 0 Progress Road, Collierville, TN 38017 (Parcel ID: C0245 00350), zoned Restricted Industrial.; 4.13 +/- acre parcel at 660 Mt. Pleasant Road, Collierville, TN 38017 (Parcel ID: C0259 00040), currently Farm zoned with Industrial Zoning Potential, offering frontage along Hwy 385 and easy access from Hwy 72 and Shelby Drive.; Asking price: $798,000 ($2.89/sf).
    Request Owner's contact information
    660 Mount Pleasant Rd Collierville, TN 38017
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    Collierville, TN 38017
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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
    660 Mount Pleasant Rd Collierville, TN 38017
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