Individually Owned Property summary
The property consists of an approximately 1.10-acre (about 47,698 SF) commercial lot on Elvis Presley Boulevard in Memphis, located minutes from Downtown Memphis. The site includes an existing concrete block structure and is suitable for renovation or redevelopment. It is zoned for commercial use and can support uses such as retail, service, automotive, or investment activities, subject to applicable regulations. The parcel is positioned within an established corridor with ongoing infrastructure improvements and provides immediate access to US-51 and I-55, with proximity to Graceland and Downtown Memphis via key arterial routes. The property has frontage on Elvis Presley Boulevard with reported traffic counts of approximately 22,000+ vehicles per day.
Property profile
VerifiedCap rate & NOI
Current use
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Barber Shop
Location
Value estimations
Owner & transaction history
Zoning & alternative use
3. Commercial Mixed Use - 3 (CMU-3) The CMU -3 District is intended to accommodate a very broad range of high intensity commercial, office and employment uses that require highly visible and highly accessible locations w…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
CMU-3 · Memphis, TN3. Commercial Mixed Use - 3 (CMU-3) The CMU -3 District is intended to accommodate a very broad range of high intensity commercial, office and employment uses that require highly visible and highly accessible locations w…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
3. Commercial Mixed Use - 3 (CMU-3) The CMU -3 District is intended to accommodate a very broad range of high intensity commercial, office and employment uses that require highly visible and highly accessible locations w…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CMU-3 in Memphis, TN.
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