Property profile

3889 New Brownsville Rd Memphis, TN 38135

OFF-MARKET
Land
Property ID
US80-1271309
27.7 ac lot
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Property summary

AI-generated overview

This exceptional 27.7-acre development site in Memphis, Tennessee, presents a unique investment opportunity. Located at 3889 New Brownsville Rd, Shelby County, zip code 38135, this property boasts approximately 1,600 feet of frontage along New Brownsville Road, situated about one mile south of its intersection with Austin Peay Highway (TN-14). The land is heavily wooded with a mix of pine and hardwood trees. The property is offered as a whole for $467,000, or can be divided into two parcels. The southern 14.3 acres are available for $250,000 and are zoned R-3. The northern 13.3 acres are priced at $217,000 and are zoned R-10. This fee simple ownership offers flexibility for various residential development projects, taking advantage of the distinct zoning designations in each parcel. The property's location and size make it ideal for a range of residential development plans. This is a rare opportunity to acquire a substantial land parcel in a desirable Memphis location. The latitude and longitude coordinates are 35.2331459654559 and -89.87994523085793 respectively.

Property profile

Verified
Property type Land
Lot 27.7 ac (1,206,612 SF)
UPID US80-1271309

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3889 New Brownsville Rd Memphis, TN 38135
Memphis metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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