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Property profile & analytics
OFF-MARKET
Warehouses

655 Whitney Ave Memphis, TN 38127

1,340 SF 1.11 ac lot Built 1945
Individually Owned 18-yr Hold Free & Clear
Property ID
US80-1238458
Property summary
AI-generated overview

This exceptional 2.4-acre commercial land parcel presents a unique investment opportunity in northwest Memphis, Tennessee. Priced competitively at $100,000, this property comprises two contiguous parcels (069021 00009C and 069021 00064), offering significant development potential. Its strategic location provides convenient access to Interstate 40, ensuring seamless connectivity to major transportation arteries. Furthermore, the property's proximity to General DeWitt Spain Airport adds to its appeal, offering potential synergies for businesses reliant on air travel. Situated at 655 Whitney Avenue, Memphis, TN 38127, this land is zoned for commercial use within Shelby County. The expansive lot size allows for a variety of development options, making it an attractive proposition for investors seeking to capitalize on the growing commercial landscape of northwest Memphis. Detailed parcel information is available upon request. This is a rare opportunity to acquire a substantial commercial land holding in a desirable location at an attractive price point. Don't miss out on this chance to secure a valuable asset with significant long-term growth potential. Serious inquiries only.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1945
Total area 1,340 SF
Lot 1.11 ac (48,177 SF)
Zoning code RU-1
APN 069-021- - -00064
UPID US80-1238458
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Brian C Choate · 18 yrs held
Brian C Choate
since 2007
1 recorded transaction
2007
Price N/A
Zoning & alternative use
RU-1 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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