4660 Merchants Park CirCollierville, TN 38017

  • Hospitality properties
  • 130,000 SF
For Sale

Property Details for 4660 Merchants Park Cir

Year built
2005
Lot size
8.47 AC
Property size (Sq ft)
130,000 SF
Zone code
R-1
Property type
Hospitality properties
Property subtype
Hotels
APN
C02-57 - - -00387
APU
C025700387

Description

This exceptional commercial land offering presents two distinct parcels totaling 3.68 acres in the thriving Collierville, Tennessee market. One parcel, encompassing 2.18 acres, enjoys a highly visible location between Interstate 385 and Collierville Road, adjacent to the Fairfield Inn. This strategically positioned site is pad-ready and presents significant development potential for a variety of uses, including hotel, medical, retail, restaurant, or entertainment establishments. The second parcel, measuring 1.5 acres, sits at the intersection of South Houston Levee Road and East Shelby Drive, neighboring Jared. This equally advantageous location is also pad-ready and offers similar development opportunities. Both parcels benefit from exceptional traffic counts: Interstate 385 boasts an average annual daily traffic (AADT) of 47,373 vehicles, while South Houston Levee Road sees 12,496 AADT, and East Shelby Drive registers 15,201 AADT. The property is situated near Carriage Crossing, Collierville's premier shopping center, ensuring high visibility and accessibility. This is a rare opportunity to acquire prime commercial land in a rapidly growing area with excellent infrastructure and strong demographics. The address for the larger parcel is 4660 Merchants Park Cir, Collierville, TN 38017. This property is located in Shelby County.

4660 Merchants Park Cir, Collierville, Tennessee

Location Insight

City
Collierville
County
Shelby
State
Tennessee
Latitude
35.0251
Longitude
-89.717
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
$121,528
$1,324,720
$1,053,520
$2,378,240
-
$3,311,800
$2,633,800
$5,945,600

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