690 Mississippi Blvd Memphis, TN 38126
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 690 Mississippi Blvd
- Property type
- Commercial real estate
Description
This exceptional 17-acre parcel in Memphis, Tennessee, presents a unique urban redevelopment opportunity. Located at 690 Mississippi Blvd, zip code 38126, in Shelby County, this property is zoned Residential Urban 3 (RU-3), allowing for a mix of commercial and residential development. The asking price is $5,300,000, translating to $700 per acre. The site is strategically positioned within an area targeted for significant revitalization by the City of Memphis, as detailed in the South City Plan. This plan outlines substantial investment in infrastructure and economic incentives to support redevelopment efforts, creating a "Small City" atmosphere. This presents a compelling opportunity for developers to leverage city support and incentives to realize a high-impact project. The sale includes a leaseback option. This rare large urban parcel is an anchor to the city's redevelopment vision, offering substantial potential for a developer seeking a high-profile project with significant backing from the municipality. The property's prime location and the city's commitment to revitalization make this a truly exceptional investment opportunity.
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
- -90.041349583219
- Latitude
- 35.127170147399
