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Property profile & analytics
OFF-MARKET
Land

660 Mount Pleasant Rd Collierville, TN 38017

6.33 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Lot 6.33 ac (275,735 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Georgetown Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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