Austin Peay Hwy Memphis, TN 38128
- Land
- 1.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Austin Peay Hwy
- Lot size
- 1.00 lot acres
- Property type
- Land
Description
This exceptional one-acre commercial lot is strategically located off Austin Peay Highway in Memphis, Tennessee, near the intersection of Covington Pike. The property boasts a prime location in a high-traffic area, with immediate proximity to major retail destinations including a Walmart and the 246-bed Methodist North Hospital. This presents a significant advantage for businesses seeking high visibility and accessibility. The lot is zoned R-10, offering flexibility for various commercial developments. Its size provides ample space for a range of projects, capitalizing on the area's growth potential. The property's location places it on a direct route to the burgeoning Blue Oval City development, ensuring long-term growth and increased traffic flow. This presents a unique opportunity to invest in a rapidly expanding trade area with strong staying power, benefiting from the presence of established corporate retailers and the ongoing development of Blue Oval City. The parcel number is 08700700013. The asking price for this exceptional property is $350,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.8893
- Latitude
- 35.2402
