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30.4 Acre Residential Development Site in Memphis, TN

ACTIVE 30.41 +/- Acres ($19,730/acre) $600,000
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Why You'll Love It

This prime 30.4-acre plot sits at the bustling junction of Austin Peay Hwy and Singleton Pkwy. Positioned across from Methodist North Hospital and Encompass Rehab Hospital, this tract is prominently anchored in a hub of commercial activity. Major employers Amazon and Nike have new locations that are less than 10 minutes away! Its proximity to an array of essential and convenience-serving establishments is exemplary; a Wal-Mart Supercenter, Kroger grocery store, and Walgreens are just a stone's throw away. In addition, this location benefits from supplementary services like the DaVita Dialysis Clinic, Firestone Automotive Center, a new Chick-fil-A, and Wendy's, not to mention the financial services provided by several surrounding banks.

Zoned RU-3, the property boasts versatile residential potential. It offers a wealth of development opportunities from multi-family to duplexes or cottage homes, inviting a plethora of design and architecture possibilities that can cater to varying housing needs and preferences. Essential utilities such as city water, sewer, and electricity are conveniently accessible along the two major roads that frame the parcel. Strategically located, this plot stands a mere 33 miles southwest of Ford Motor Company's Blue Oval City in Stanton, Tennessee, an ambitious and significant new manufacturing campus, set to further stimulate the region's economy. This tract offers an exceptional opportunity for visionary development, nestling in a pivotal position that promises thriving residential opportunities amid a region of commercial growth and economic expansion.
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Parcel #/ID

08700600009, 08700600009, 08700600002

Unit Size:

1,324,660 SF

Property Highlights
  • At highly visible intersection of Austin Peay Highway and Singleton Parkway. 
  • Located directly across Austin Peay Highway from Methodist North Hospital and multiple medical offices. 
  • Property is zoned RU-3 (Residential Urban).
  • Readily accessible to water, sewer and electricity. 
  • Less than one hour drive to Ford Big Blue Oval Plant in Stanton, TN which when completed will be home to over 6,000 new jobs in West TN. Less than 10 minute drive to the new Amazon and Nike distribution centers 
  • Within 1/4 mile of Wal Mart Supercenter, Kroger, Chick Fil A, Wendy's, Regions Bank, Walgreen's and Firestone Automotive Center 

Estimated Acres:

All timber.

2024 Taxes:

$3,186

Zoning:

RU-3

Commercial Market:

Memphis, TN

Listing ID#:

2898359


Location
0 Singleton Parkway, Memphis, TN (Tract A and Tract B)
0 Egypt Central Road
Memphis, TN 38128
Coordinates:

35.241279330833 , -89.894692758514

From I-40 in Memphis, Take Exit 8A North Jackson Ave for 3.7 miles and turn left on Singleton Parkway. Land is on the right side of Singleton behind  Walgreens and Firestone. Look for National Land Realty sign. 

All land qualifies for a 1031 exchange!
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