Property profile

0 Highway 72 Collierville, TN 38017

OFF-MARKET
Land
1.85 ac lot
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Property summary

AI-generated overview

This exceptional 1.85-acre commercial land parcel presents a unique investment opportunity in the rapidly expanding Piperton, Tennessee market. Strategically located on the high-traffic corner of Highway 72 and Cayce Road, this property boasts 123 feet of frontage along Highway 72, providing unparalleled visibility and accessibility. The site's location within a densely populated warehouse district creates a high demand for convenient food and beverage options, making it ideally suited for a quick-service restaurant (QSR). The surrounding area is characterized by a significant concentration of warehouses, indicating a substantial workforce in need of readily available food services. While the seller has restricted gas station use, the property's prime location and high visibility make it an attractive prospect for a variety of commercial developments. The property is situated in Fayette County, Tennessee, with a zip code of 38017, offering easy access to Collierville and other nearby communities. This corner lot presents a compelling investment opportunity for developers seeking to capitalize on the growth and demand in this thriving area. The asking price for this exceptional property is $1,500,000.

Property profile

Verified
Property type Land
Lot 1.85 ac (80,586 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Highway 72 Collierville, TN 38017
Collierville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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