2320 Frayser BlvdMemphis, TN 38127

  • Retail properties
  • 1,310 SF
For Sale
$450,000 View listing

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
2320 Frayser Blvd, Memphis, Tennessee

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$1,248
$11,960
$8,520
$20,480
-
$29,900
$21,300
$51,200

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