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: 3/18/2019

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
Tax ID/APN: A0161 00067C
Property Visibility: Excellent

View FullscreenMap

Demographic Statistics

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


© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Catylist nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.