1450 Chelsea Ave, Memphis, TN 38108
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
IH · Memphis, TNMemphis. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.