Overview

Description

RI Marketplace Online Auction May 13-15, 2024
Register to Bid on Marketplace:

https://rimarketplace.com/auction/1971/1-auction-signalized-hard-corner-0.71-ac-parcel-30k-vpd?utm_source=brevitas&utm_medium=listing&utm_campaign=land_1971

Marcus & Millichap is pleased to present a ±0.71-acre land parcel located adjacent to 4010 Horn Lake Road (the “Property”) in Memphis, Tennessee. This Property offers an exceptional investment opportunity via development and FIRST BID MEETS RESERVE!

The Property is a ±0.71-acre parcel, situated adjacent to Wendy’s at the signalized intersection of Horn Lake Road with traffic counts of ±10,363 vehicles per day and Blues Highway with traffic counts of ±20,316 vehicles per day. The Property is in a robust trade area near a mix of residential and retail demand generators. Nearby retailers include Family Dollar, KFC, Wendy’s, Walgreens, AutoZone, Gordin’s Butcher Shoppe Grocer, U-Store Self Storage, Dixie Queen, and more. The Property benefits from CMU-3, Commercial Mixed-Use Zoning with flexible uses permitted including retail, residential, office, medical, and many more. The Property benefits from an access easement with both Wendy’s and Royal Inn. The billboard sign is on an adjacent parcel and not included in this offering.

The Property is located in Shelby County, Tennessee approximately 8 miles south of downtown Memphis. The Property is easily accessible and ideally positioned just west of highly trafficked I-55 (4-miles) and Memphis International Airport (6-miles). The Property is located in an area that serves ±110,105 people with an average household income of ±$50,933 within a 5-mile area.

John Roebuck, Auctioneer
TN License: 1702
Tn Broker No. 00022430

Highlights

• ±0.71 AC Parcel at Signalized Intersection in Dense Commercial Corridor Adjacent to Wendy’s
• Nearby Retail: Family Dollar, KFC, Wendy’s, Walgreens, AutoZone, Gordin’s Butcher Shoppe Grocer, U-Store Self Storage, Dixie Queen, and more
• Well-Positioned at Signalized Intersection of Horn Lake Road (10,363 VPD) and Blues Highway (20,316 VPD)
• Favorable CMU-3, Commercial Mixed-Use Zoning with Flexible Uses Permitted including Retail, Office, Residential, Medical, and More
• Access Easement with Wendy’s and Royal Inn | Billboard is Not a Part of this Offering
• Attractive Demographics with 5-Mile Population of ±110,105 Individuals and Annual Household Income of ±$50,933
• Absolute $1 Auction - NO RESERVE

Documents

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