2549 Hollywood St Memphis, TN 38127
This exceptional 21-acre commercial land parcel presents a unique investment opportunity in Memphis, Tennessee. Strategically located off I-240 at exit 5, this property offers immediate access to major transportation arteries, boasting high traffic counts of 19,982 AADT on N Hollywood St and 112,283 AADT on I-40. Its versatile zoning makes it ideal for a wide range of commercial and industrial uses, including warehouses, distribution centers, truck parking facilities, and storage solutions. The site's adjacency to Rodney Baber Park, a 77-acre recreational area, provides an attractive amenity for employees and customers. Furthermore, its proximity to established businesses, such as an Amazon Fulfillment Center and Nike's substantial logistics campus, underscores its strategic location within a thriving commercial hub. Outparcels are particularly well-suited for quick-service restaurants (QSRs) or convenience stores. The property was built in 2011 and is classified as Class A. This prime location, coupled with its size and versatility, makes this 21-acre tract an exceptional opportunity for developers and investors seeking a high-impact commercial investment in the Memphis market. The property is available immediately.
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
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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.