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1508 Memorial Blvd 1.02 Acres of Commercial Land Offered at $999,000 in Springfield, TN 37172
Investment Highlights
- High-visibility location at a signalized intersection along Memorial Boulevard.
- Surrounded by active retail, service businesses, and mixed-use developments.
- Located within a community demonstrating upward commercial and residential growth patterns.
- Flexible commercial zoning ideal for a wide range of development concepts.
- Strong connectivity to major roadways supporting consistent traffic flow.
Executive Summary
This 1.02-acre corner parcel offers a rare development opportunity along Springfield’s well-traveled Memorial Boulevard. The site’s prominent frontage and positioning at the intersection of Memorial Boulevard and East 16th Avenue provide unmatched visibility and easy access, positioning it as an attractive option for a variety of commercial uses. Zoned for commercial activity, the lot is suitable for businesses such as convenience stores, fueling stations, quick-service restaurants, professional offices, or retail centers.
Situated in a growth-oriented community supported by established businesses, the property benefits from steady traffic counts and strong connectivity to regional thoroughfares. With limited comparable sites available in this expanding corridor, this parcel holds significant potential for investors and developers looking to capitalize on Springfield’s future growth. All due diligence, including zoning verification, utilities, and specific development requirements, remains the responsibility of the buyer.
Situated in a growth-oriented community supported by established businesses, the property benefits from steady traffic counts and strong connectivity to regional thoroughfares. With limited comparable sites available in this expanding corridor, this parcel holds significant potential for investors and developers looking to capitalize on Springfield’s future growth. All due diligence, including zoning verification, utilities, and specific development requirements, remains the responsibility of the buyer.
Property Facts
| Price | $999,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| Sale Condition | Redevelopment Project | Total Lot Size | 1.02 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | ||
| Zoning | CS - Commercial Service District | ||
| Price | $999,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 1.02 AC |
| No. Stories | 1 |
| Zoning | CS - Commercial Service District |
1 Lot Available
Lot
| Price | $999,000 | Lot Size | 1.02 AC |
| Price Per AC | $979,411.76 |
| Price | $999,000 |
| Price Per AC | $979,411.76 |
| Lot Size | 1.02 AC |
1.02-acre commercial corner lot with dual frontage at Memorial Boulevard and East 16th Avenue in Springfield. Surrounded by retail and easily accessible via major routes.
Description
The subject property is a 1.02-acre commercially zoned parcel located at Memorial Boulevard and East 16th Avenue in Springfield. It occupies a corner position along a primary commercial corridor and offers direct road frontage on two streets. The immediate area contains established retail, service, and mixed-use properties. Regional access is available via surrounding arterial routes. Buyers are advised to confirm specific zoning and utility details.
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 091C-A-008.00 | Improvements Assessment | $0 |
| Land Assessment | $186,880 | Total Assessment | $186,880 |
Property Taxes
Parcel Number
091C-A-008.00
Land Assessment
$186,880
Improvements Assessment
$0
Total Assessment
$186,880
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1508 Memorial Blvd