4022 Thomas StMemphis, TN 38127

Property Details for 4022 Thomas St

Lot size

5.10 AC

Property type

Land

Property subtype

Other retail properties

Description

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.

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.2349

Longitude

-90.0134

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