3491 Bayliss Ave Memphis, TN 38122-1114
- Warehouses
- 3,500 SF
- 0.41 lot acres
Current Use by Public Records
- Warehouses
Property Details for 3491 Bayliss Ave
- Year built
- 1961
- Lot size
- 0.41 lot acres
- Property size
- 3,500 SF
- Zone code
- EMP
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 043-009- - -00120
- APU
- 4300900120
Description
This exceptional Memphis commercial property, located at 3491 & 3511 Bayliss Avenue, offers a unique opportunity for a variety of businesses. The property encompasses a total of 4,000 square feet of building space, currently vacant and ready for immediate occupancy. The expansive 44,000 square foot lot provides ample room for expansion, outdoor storage, or additional development. The zoning is designated EMP CMU3, suitable for a range of industrial and retail uses. Situated in Shelby County's thriving retail submarket, this location benefits from excellent visibility and accessibility. The property's history includes use as a semi-rig/large equipment repair operation and cabinetry warehouse, demonstrating its adaptability to diverse business needs. Potential uses include, but are not limited to, salvage and auto parts yards, towing companies, used auto sales, auto maintenance facilities, lumber yards, or other industrial or retail operations. This property presents a rare combination of building space and substantial land area in a prime Memphis location, making it an ideal investment for entrepreneurs and businesses seeking significant growth potential. The property is located in Memphis, Tennessee, zip code 38122.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $165,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $210,000
- 6.5%
- $200,000
- 7%
- $230,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $220,000
- Geo Method
- $205,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $175,000
- Retail
- $175,000
- Mixed-Use
- $245,000
- Hospitality
- $200,000
- Educational
- $185,000
- Residential Income
- $240,000
- Energy
- $185,000
- Income-Based Land
- $185,000
- Food Service
- $210,000
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.9438
- Latitude
- 35.173
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA