Commerce Cir
Memphis, TN 38118
Land For Sale · 1.00 AC

Property tours are available by appointment ONLY. Please contact Matt Weathersby to schedule at mweathersby@commadv.com or 901-362-4317. Investment Highlights: Absolute Auction - 1st Bid meets Reserve! ñ1.287 AC of land for development on corner lot in Memphis, TN Located in the Win-Lar Planned Development Huge value-add potential development (flat, with utilities and ready to develop site) Favorable flexible zoning that allows for a variety of uses including retail, industrial, etc Located in a heavy industrial/logistics area only 2.5 miles from Memphis International Airport Great location with easy access only ñ0.3 miles from US-78 and ñ2.4 miles from I-240 Dense demographics with 2017 population of ñ184,454 and Avg HH Income of ñ$50,797 within a 5-mile radius Investment Overview: This Memphis Development Site is a ñ1.28 AC parcel of vacant land located at the corner of Winchester & Commerce Rd in Memphis, TN. The Property is currently undeveloped and offers a cleared/flat site with utilities. Originally this Property was going to be developed for a SunTrust Bank which never commenced. This Property offers investors an opportunity to purchase a vacant land parc This Property offers investors an opportunity to purchase a vacant land parcel ready for development at a significant discount with a HUGE value add opportunity. Memphis is a city in the SW corner of the Tennessee and the county seat of Shelby County. Memphis is an urban playground of music, history and world-class attractions. Although it's one of the largest metro areas in the Southeastern U.S., the region's small-town atmosphere fosters a close-knit community that makes it an attractive place for families to settle. The Property has approximately ñ184,454 individuals residing within a five-mile radius of the property and an average household income of ñ$50,797. The annual consumer spending demographics estimate a total specified consumer spending of ñ$1,322,328,000 within a 5-mile radius of the Property in 2017. The Property provides good frontage and excellent visibility along Winchester Road, giving it good exposure along a main commercial artery. The Property is located between Lamar Avenue and Perkins Road, easily accessible to a variety of industrial and office users, 5 minutes from Memphis International Airport, 20 minutes from Downtown Memphis, surrounded by national o