4660 Merchants Park Cir Collierville, TN 38017
For Sale
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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.
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Finish Line (located inside Macy's) Clothing & Fashion Store (Bike/Boat/Book/etc) Store
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Mid-South Furniture Furniture & Home Goods Home Decor Store
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Salon at Macy's Hair Salon
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R-1 · Collierville, TNCollierville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.