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Property profile & analytics
FOR SALE
Flex space

1315 N 2Nd St Memphis, TN 38103

800 SF 4.88 ac lot Built 1972
Entity Owned 19-yr Hold Free & Clear
Property ID
US80-1716231
Property summary
AI-generated overview

This exceptional 37.2-acre industrial land parcel, located at 1315 N 2nd St, Memphis, TN 38107, presents a significant investment opportunity. Zoned I-H (Heavy Industrial), this property offers unparalleled access to key transportation infrastructure. All utilities are conveniently located on-site, complemented by existing rail access with a spur, and historic river access. The site boasts a flat topography, making development straightforward and cost-effective. Further enhancing its appeal, the property is fully fenced, secured, and well-lit, providing a safe and secure environment. Ideal for a variety of industrial uses, including redevelopment, manufacturing, and transportation yards, this property is perfectly positioned to capitalize on Memphis's thriving logistics sector. Memphis is renowned as the third-largest inland port in the US, boasting five Class 1 railroads, the third-busiest trucking corridor, and the largest cargo airport. The asking price for this remarkable opportunity is $1,850,000. The Shelby County Assessor's Parcel Number (APN) is 039-002- - -00001-C. This is a rare chance to acquire a substantial, well-situated industrial property in a dynamic and rapidly growing market.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1972
Total area 800 SF
Lot 4.88 ac (212,573 SF)
Zoning code IH
APN 039-001- - -00011-C
UPID US80-1716231
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Harbor View Properties INC · 19 yrs held
Harbor View Properties INC
since 2006
1 recorded transaction
2006
$1.5M
Zoning & alternative use
IH · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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