Property summary
This exceptional 4.74-acre commercial property located at 3912 Raleigh Millington Road in Memphis, Tennessee, presents a compelling redevelopment opportunity. The site currently features a warehouse building equipped with a single loading dock, providing immediate utility and potential for various uses. The expansive acreage offers significant flexibility for future development, allowing for expansion of the existing structure or construction of entirely new facilities. The property's location in Memphis provides access to major transportation routes and a robust local economy, making it an attractive investment for developers and businesses seeking a strategic location. The existing warehouse, while functional, offers a blank canvas for adaptive reuse, allowing for customization to suit a wide range of commercial needs. Whether envisioned as a distribution center, storage facility, or converted into a different type of commercial space, this property's size and location offer substantial upside potential. The property is priced at $374,900 and is being offered as-is. Serious inquiries are encouraged to explore the full potential of this prime Memphis commercial property. The property is zoned for commercial use. Further due diligence is recommended to confirm zoning and permitted uses.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
1. On-site sales at neighborhood gardens are prohibited in residential zoning districts (R -MP, R-E, R-15, R-10, R-8, R-6, R-3, RU-1, RU-2, RU-3, RU-4, RU-5 and RW), with the exception of Community Supported Agriculture.…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
R-8 · Memphis, TN1. On-site sales at neighborhood gardens are prohibited in residential zoning districts (R -MP, R-E, R-15, R-10, R-8, R-6, R-3, RU-1, RU-2, RU-3, RU-4, RU-5 and RW), with the exception of Community Supported Agriculture.…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
1. On-site sales at neighborhood gardens are prohibited in residential zoning districts (R -MP, R-E, R-15, R-10, R-8, R-6, R-3, RU-1, RU-2, RU-3, RU-4, RU-5 and RW), with the exception of Community Supported Agriculture.…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R-8 in Memphis, TN.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning