Fayette/Shelby Development Site

Vacant Land for Sale
Catylist Listing ID: 30324441
Property Subtypes: Hospitality, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 89.80 Acres
Sale Price: See Agent
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/4/2018

Overview / Comments

CRYE-LEIKE COMMERCIAL is pleased to present a new development opportunity at the gateway to Fayette County, Tennessee. Aptly positioned just inside Fayette county and situated on 89 rolling acres, the tract occupies Hwy 64 road frontage with a footprint in both Shelby and Fayette Counties. With exit ramp access just 1/4 mile from I-385, this property is a quick trip from corporate sectors of Germantown, Tennessee and an easy 30 minute drive from downtown Memphis.

Commercial or mixed-use zoning potential, the immediate area surrounding subject property is positioned for impressive expansion inside rapidly growing Fayette County. The beautiful rolling hills and wide open views offer a clean slate for a wide range of potential uses primed to be maximized by a creative developer.

In 2017 the new outer loop around Memphis, I-385/I-269 interstate was completed with exit ramps located on 1/4 mile west of the subject property.
Big picture, Interstate 69 was conceived as a trade enhancement by linking Canada to Mexico through the U.S. heartland, from Michigan to Texas. The 1,660-mile corridor – although currently incomplete with various, disconnected segments –will be eventually routed through West Tennessee and Northwest Mississippi.

A unique opportunity in a first rate location, this tract would be a ideally suited for hospitality, mixed-use community, multi-family, expansive retail, education or medical development.

Additional Details

Nearest MSA: Memphis
County: Fayette
Property Visibility: Excellent

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 14,473 21,468
Median Age: 34.59 36.38
Households: 5,410 7,719

Source

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