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Property profile

478 Hollywood St Memphis, TN 38112

OFF-MARKET
Warehouses
Property ID
US80-1258818
View Sample
23,800 SF 0.75 ac lot Built 1953
Individually Owned ~ Est. High Equity

Property summary

AI-generated overview

This exceptional 20x100 foot vacant lot presents a remarkable opportunity for development in the vibrant city of Memphis, Tennessee. Located at the corner of Young and Hollywood Streets, this property boasts a highly desirable location in Shelby County, zip code 38111. The lot's dimensions provide ample space for a variety of construction projects, making it ideal for residential, commercial, or mixed-use development. Its convenient corner location offers excellent visibility and accessibility, enhancing its potential for attracting customers or residents. The property is currently vacant, providing a clean slate for your vision. Situated in a dynamic area of Memphis, this lot offers significant potential for appreciation and return on investment. With its strategic location and generous size, this land parcel represents a rare opportunity to acquire a prime piece of real estate in a thriving urban setting. The address is 478 Hollywood St, Memphis, TN 38111. The asking price is $12,000. This is a second lot south of Young Street. This property is classified as Lots & Land, Other. The coordinates are 35.119182 latitude and -89.975787 longitude. Don't miss this chance to secure this valuable asset in a rapidly growing market.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1953
Total area 23,800 SF
Lot 0.75 ac (32,583 SF)
Zoning code CMU-1
APN 033-020- - -00018-C
UPID US80-1258818

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Marketing & Advertising
  • Hardware & Home Improvement Building Supply
  • (Bike/Boat/Book/etc) Store
  • Logistics Company Freight Service

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$400k

Owner & transaction history

since 2025
Last sale
$985,000
7 recorded transactions
2025
$985,000
2025
$10,000
2023
Price N/A
2018
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CMU-1 · Memphis, TN
Zoning description

PRINCIPAL USE R6 RU-1 RU-3 CMU-1 CMU-2 CMP-2 Woodworking, including Cabinet Makers and Furniture Manufacturing □ ■ Warehouse □ □ Recycling Drop-off Facility □ □ □ Neighborhood Garden ■ ■ ■ ■ ■ ■ Planned Development1 □ □…

General category MIXED_USE

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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