Catylist ID: #30324441
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|
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.
|Tax ID/APN:||A0161 00067C|
|Proximity:||3 miles||5 miles|
Eric Fuhrman, CCIMCrye-Leike Commercial
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