2320 Frayser BlvdMemphis, TN 38127
- Retail properties
- 1,310 SF
Property Details for 2320 Frayser Blvd
- Year built
- 1950
- Construction
- FRAME
- Lot size
- 0.81 AC
- Property size (Sq ft)
- 1,310 SF
- Zone code
- R-10
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 072-079- - -00027
- APU
- 7207900027
Description
This exceptional investment opportunity presents two adjacent corner lots ideally situated at the intersection of Frayser Boulevard and Ardmore in Memphis, Tennessee, zip code 38127. The properties, totaling 1.14 acres, are offered as a package deal for $450,000, or individually. Lot 2320 Frayser Boulevard encompasses 0.81 acres and is priced at $250,000, while Lot 2330 Frayser Boulevard comprises 0.33 acres and is listed at $200,000. Both parcels are zoned CMU-1, making them perfectly suited for quick-service restaurant (QSR) redevelopment. This prime location boasts impressive daily traffic counts of 15,323 vehicles, ensuring high visibility and accessibility for any commercial venture. The dense demographics of the surrounding area further enhance the investment potential, promising a strong customer base. This is a rare chance to acquire strategically positioned land in a thriving Memphis neighborhood, ready for immediate development. The properties are located in Shelby County and offer significant upside for the discerning investor seeking a high-return opportunity in a rapidly growing market. Detailed site plans and zoning information are available upon request.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $277,463
- 6.5%
- $256,120
- 7%
- $237,825
-
Comparable approach
- Method
- Valuation
- Relative Method
- $257,362
- Geo Method
- $257,362
-
Alternative Use
- Use
- Valuation
- Residential
- $216,046
- Hospitality
- $197,897
- Educational
- $164,648
- Medical
- $170,311
- Retail
- $256,120
Location Insight
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Latitude
- 35.2175
- Longitude
- -89.9862
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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