2486 Poplar AveMemphis, TN 38112

Property Details for 2486 Poplar Ave

Year built

1982

Construction

FRAME

Lot size

0.44 AC

Property size (Sq ft)

4,216 SF

Zone code

CMU-1

Property type

Retail properties

Property subtype

Retail space

APN

033-012- - -00029-C

APU

03301200029C

Description

This exceptional 0.886-acre parcel of land is ideally situated on Poplar Avenue in Memphis, Tennessee, within the vibrant 38112 zip code. Zoned CMU-3, this property presents a unique opportunity for ground lease development. Its strategic location offers significant visibility and accessibility, boasting impressive traffic counts of 14,917 vehicles daily on Poplar Avenue. The site features two existing curb cuts, simplifying access and improving operational efficiency for any future development. The single-tenant nature of the land provides a straightforward and potentially less complex development process. This property is perfect for a variety of retail uses, capitalizing on the high traffic volume and desirable location. The existing infrastructure, including the curb cuts, reduces initial development costs and streamlines the construction process. This prime location in Shelby County offers excellent potential for a strong return on investment. Serious inquiries are encouraged to explore the possibilities of this exceptional retail land opportunity. The property's address is 2486 Poplar Ave, Memphis, TN.

• CAP approach

  CAP return

  Valuation

  6%

  $892,964

  6.5%

  $824,275

  7%

  $765,398

• Comparable approach

  Method

  Valuation

  Relative Method

  $828,272

  Geo Method

  $828,272

• Alternative Use

  Use

  Valuation

  Residential

  $695,307

  Hospitality

  $636,897

  Educational

  $529,891

  Medical

  $548,115

  Retail

  $824,275

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.1392

Longitude

-89.9779

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.