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Mixed-Use

$1 Auction – Signalized Hard Corner 0.71 AC Parcel | 30K VPD

adj. to 4010 Horn Lake Rd, Memphis, TN 38109

Listing Price: $1

Lot Size
0.71 acres
Price/Acre
$1
Land Type
Land

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace

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, advertising signage, 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.

Investment Highlights

  • ABSOLUTE $1 AUCTION | ± 0.71 AC Parcel | 30K VPD | AUCTION APRIL 8-10, 2024
  • ±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, Advertising Sign, 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

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Mixed-Use

$1 Auction – Signalized Hard Corner 0.71 AC Parcel | 30K VPD

Listing Price: $1

Lot Size
0.71 acres
Price/Acre
$1
Land Type
Land

Investment Highlights

  • ABSOLUTE $1 AUCTION | ± 0.71 AC Parcel | 30K VPD | AUCTION APRIL 8-10, 2024
  • ±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, Advertising Sign, 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

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace 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, advertising signage, 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.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

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