For Sale
$650,000

4022 Thomas StMemphis, TN 38127

5.1-acre commercial lot, Hwy 51 & Watkins.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 5.1-acre commercial land parcel presents a remarkable investment opportunity in Memphis, Tennessee. Strategically located at the high-traffic intersection of US Highway 51 and North Watkins, this Class A property boasts a prominent corner location ideal for retail development. The site benefits from a daily traffic count of 20,416 on Highway 51 and 11,105 on Watkins, ensuring high visibility and accessibility. The traffic light-controlled intersection offers protected left-hand turns in all directions, enhancing convenience for customers. This is the first major intersection entering Memphis from the south on Highway 51, providing immediate exposure to a substantial market. The property is zoned CMU-3, and all essential utilities—water, sewer, natural gas, electricity, and phone service—are readily available on-site. With a land value of $2.93 per square foot and an asking price of $650,000, this property offers significant potential for substantial returns. The surrounding area has a population of 42,869 within a three-mile radius, indicating a strong customer base for retail ventures. This prime location and its inherent advantages make it an exceptional opportunity for developers seeking a high-impact commercial development site in a thriving Memphis market. The property is located at 4022 Thomas St, Memphis, TN 38127 in Shelby County.

Highlights

  • $650,000 asking price.
  • 5.1-acre land parcel zoned CMU-3.
  • Located at the corner of US Hwy 51 and N. Watkins in Memphis, TN.
  • Land value: $2.93/SF.
  • High traffic count: 20,416 vehicles daily on Hwy 51 and 11,105 on Watkins.
  • All utilities available on-site.

Property Details for 4022 Thomas St

Property type
Retail properties, Land
Class
A
Lot Size (sq. ft)
222,156 SF

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.234935
Longitude
-90.013352
4022 Thomas St, Memphis, Tennessee

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4022 Thomas St
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