655 Whitney Ave Memphis, TN 38127
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.
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
RU-1 · Memphis, TNMemphis. 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.