Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Mobile home & RV parks

    1450 Chelsea Ave, Memphis, TN 38108

    414 SF 3.99 ac lot Built 1958
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US80-1094661
    Property summary
    AI-generated overview

    This exceptional 3.99-acre commercial land parcel, located at 1450 Chelsea Avenue in Memphis, Tennessee, presents a unique investment opportunity. Situated in the North Memphis submarket, this property boasts an impressive lot size of 192,414 square feet and is zoned IH, offering considerable development potential. The property's strategic location benefits from high daily traffic counts on both N. Watkins Street (26,460+) and Chelsea Avenue (11,460+), ensuring excellent visibility and accessibility for any future business venture. Detailed information regarding the property's location includes a Shelby County address with a 38108 zip code and precise GPS coordinates (latitude 35.1734285, longitude -90.0089189). The asking price for this remarkable land parcel is $200,000. Annual property taxes are estimated at $1,936.41 (city) and $2,054.34 (county) for the year 2024. This property is ideal for developers and investors seeking a prime location with high traffic volume and significant development potential in a thriving Memphis market. The expansive lot size provides ample space for a variety of commercial uses, making it an attractive proposition for a wide range of businesses. Don't miss this chance to acquire a valuable piece of Memphis real estate.

    Property profile
    Verified
    Property type Mobile home & RV parks
    Use group MOBILE HOME PARK, TRAILER PARK
    Year built 1958
    Total area 414 SF
    Lot 3.99 ac (173,892 SF)
    Zoning code IH
    APN 040-025- - -00005
    UPID US80-1094661
    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
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Summer Avenue Enterprises INC · 2 yrs held
    Summer Avenue Enterprises INC
    since 2024
    Last sale
    $100,000
    4 recorded transactions
    2024
    $100,000
    2017
    2015
    $250,000
    2013
    Zoning & alternative use
    IH · Memphis, TN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 1450 Chelsea Ave?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message