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Property profile & analytics
FOR SALE
Hotels

4660 Merchants Park Cir Collierville, TN 38017

130,000 SF 8.47 ac lot Built 2005
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US80-1568274
Property summary
AI-generated overview

This exceptional commercial land offering presents two distinct parcels totaling 3.68 acres in the thriving Collierville, Tennessee market. One parcel, encompassing 2.18 acres, enjoys a highly visible location between Interstate 385 and Collierville Road, adjacent to the Fairfield Inn. This strategically positioned site is pad-ready and presents significant development potential for a variety of uses, including hotel, medical, retail, restaurant, or entertainment establishments. The second parcel, measuring 1.5 acres, sits at the intersection of South Houston Levee Road and East Shelby Drive, neighboring Jared. This equally advantageous location is also pad-ready and offers similar development opportunities. Both parcels benefit from exceptional traffic counts: Interstate 385 boasts an average annual daily traffic (AADT) of 47,373 vehicles, while South Houston Levee Road sees 12,496 AADT, and East Shelby Drive registers 15,201 AADT. The property is situated near Carriage Crossing, Collierville's premier shopping center, ensuring high visibility and accessibility. This is a rare opportunity to acquire prime commercial land in a rapidly growing area with excellent infrastructure and strong demographics. The address for the larger parcel is 4660 Merchants Park Cir, Collierville, TN 38017. This property is located in Shelby County.

Property profile
Verified
Property type Hotels
Use group HOTEL
Year built 2005
Total area 130,000 SF
Lot 8.47 ac (369,127 SF)
Zoning code R-1
APN C02-57 - - -00387
UPID US80-1568274
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Finish Line (located inside Macy's) Clothing & Fashion Store (Bike/Boat/Book/etc) Store
  • Mid-South Furniture Furniture & Home Goods Home Decor Store
  • Salon at Macy's Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Ce Collierville LLC · 3 yrs held
Ce Collierville LLC
since 2023
Last sale
$27.3M
2 recorded transactions
2023
$27.3M
2012
$54.0M
Zoning & alternative use
R-1 · Collierville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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