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    2557 Whitten Rd Memphis, TN 38133

    Sponsored
    For Sale
    $695,000

    1.93 Acres, High-Visibility Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.93-acre commercial land parcel is located at 2557 Whitten Road, Memphis, Tennessee, 38133, in Shelby County. Zoned CMU-2, this property offers significant development potential due to its high visibility and convenient location with easy access to major highways and shopping centers. The asking price is $695,000, translating to approximately $360,104 per acre. This prime piece of real estate presents a rare investment opportunity for developers seeking to create a landmark property in a vibrant and growing community. The property's strategic location ensures both convenience and high visibility, making it ideal for a wide range of commercial ventures. Serious inquiries are encouraged to explore the possibilities this exceptional site presents. The land is ready for development and offers endless possibilities for visionary developers seeking a high-impact location in Memphis.

    Property Features for 2557 Whitten Rd

    General Information

    Property type
    Land
    Lot Size
    84,071 SF

    HighLights

    • 1.93‑acre development site.
    • High‑visibility location with excellent access.
    • CMU‑2 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.836370127546
    Latitude
    35.195790092496

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    FAQs

    What type of property is this?
    Land - 1.93 Acres, High-Visibility Location
    Where is this land located?
    The property is located at 2557 Whitten Rd Memphis, TN.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: 1.93-acre development site.; High-visibility location with excellent access.; CMU-2 zoning.
    (901) 758-5670
    Request Owner's contact information
    2557 Whitten Rd Memphis, TN 38133
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    Memphis, TN 38133
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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
    2557 Whitten Rd Memphis, TN 38133
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