4825 American Way Memphis, TN 38118
- Commercial real estate
- 3.12 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4825 American Way
- Lot size
- 3.12 lot acres
- Property type
- Commercial real estate
- APN
- 074001 00250
Description
This exceptional 3.12-acre commercial lot, located at 4825 American Way in Memphis, Tennessee (zip code 38118), presents a rare development opportunity. Situated at the intersection of American Way and South Perkins, this property boasts convenient access via Westmeade Street and benefits from its CMU-2 zoning. The CMU-2 zoning allows for a variety of commercial, office, and employment uses, including ground-floor residential with encouraged upper-story units, catering to both through traffic and surrounding neighborhoods. The lot itself is level and undeveloped, ready for immediate construction. Its location within a high-traffic area, surrounded by existing businesses to the north and a residential neighborhood to the south, offers significant potential for a wide range of projects. The property is forested and, to the seller's knowledge, free of easements or liabilities. The existing city road dead-end provides an opportunity for expansion. With limited comparable lots available in this area, this 3.12-acre parcel represents a unique chance to capitalize on the strong location and favorable zoning. The asking price is $250,000. The Assessor's Parcel Number (APN) is 074001 00250. This is a truly exceptional opportunity for experienced developers seeking a prime location for their next project.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.902
- Latitude
- 35.07245
