0 Range Line Rd & Frayser Blvd Memphis, TN 38127
This exceptional 28.289-acre parcel of land presents a unique opportunity for developers seeking a prime location in Memphis, Tennessee. Situated at the intersection of Range Line Road and Frayser Boulevard in Shelby County (zip code 38127), this property offers significant potential for both residential and commercial development. Its strategic location provides unparalleled access to a substantial workforce and high consumer traffic. The site is directly across from a Kroger grocery store, ensuring convenient access to daily necessities for future residents and employees. Furthermore, its proximity to major employers significantly enhances its appeal. The property is conveniently located near the Nike North America Logistics Campus, employing over 2,600 people, and an Amazon Fulfillment Center with a workforce exceeding 2,000. High traffic counts further underscore the site's desirability: Range Line Road boasts an average annual daily traffic (AADT) of 14,071 vehicles, while Frayser Boulevard sees an AADT of 27,505. This translates to exceptional visibility and accessibility for any commercial venture. The expansive acreage allows for a wide range of development possibilities, from large-scale residential communities to substantial commercial projects, or a combination of both. This is a rare opportunity to acquire a significant land holding in a rapidly growing area of Memphis. Don't miss this chance to capitalize on the potential of this exceptional property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.