0 Forest Hill Irene Rd Memphis, TN 38125
This exceptional 1.87-acre commercial land parcel is ideally situated in Memphis, Tennessee, offering unparalleled visibility and accessibility. Located directly off Highway 385, this property benefits from high traffic counts and excellent exposure. Its strategic position between the thriving communities of Germantown and Collierville ensures a strong potential for significant return on investment. The site is zoned commercial, subject to site plan review, making it suitable for a variety of uses. The area has experienced substantial recent development, with millions invested in the surrounding area in the past year. This presents a unique opportunity to capitalize on the continued growth and expansion of this desirable location. The property's proximity to three new upscale apartment communities further enhances its appeal, providing a built-in customer base for commercial ventures. This location is perfect for quick-service restaurants (QSRs) and other businesses seeking high visibility and convenient access. The asking price for this exceptional opportunity is $950,000. Don't miss out on this chance to secure a prime piece of commercial real estate in a rapidly developing area of Memphis. The property's location offers interstate visibility, ensuring maximum exposure to potential customers.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.