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Hard Corner Commercial Land

Memphis, TN 38109

Shelby County, Tennessee

0.71 Acre
Land Auction
May 15, 2024 12:30 PM
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Property Description

RI Marketplace Online Auction May 13-15, 2024.

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Marcus & Millichap is pleased to present a ±0.71-Acre land parcel located adjacent to 4010 Horn Lake Road (the “Property”) in Memphis, Tennessee. This Property offers an exceptional investment opportunity via development and First BID Meets Reserve.

The Property is a ±0.71-Acre parcel, situated adjacent to Wendy's at the signalized intersection of Horn Lake Road with traffic counts of ±10,363 vehicles per day and Blues Highway with traffic counts of ±20,316 vehicles per day. The Property is in a robust trade area near a mix of residential and retail demand generators. Nearby retailers include Family Dollar, Kfc, Wendy's, Walgreens, AutoZone, Gordin's Butcher Shoppe Grocer, U-Store Self Storage, Dixie Queen, and more. The Property benefits from Cmu-3, Commercial Mixed-Use Zoning with flexible uses permitted including retail, residential, office, medical, advertising signage, and many more. The Property benefits from an access easement with both Wendy's and Royal Inn. The billboard sign is on an adjacent parcel and not included in this offering.

The Property is located in Shelby County, Tennessee approximately 8 miles south of downtown Memphis. The Property is easily accessible and ideally positioned just west of highly trafficked I-55 (4-miles) and Memphis International Airport (6-miles). The Property is located in an area that serves ±110,105 people with an average household income of ±$50,933 within a 5-mile area.

John Roebuck, Auctioneer

TN License: 1702

Tn Broker No. 00022430

Property Maps & Attachments

More Property Details

Commercial Zoning
Flat Terrain
State Highway Access
Property Keywords
COMMERCIALFLIP ID
369001
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