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    Canada Rd Lakeland, TN 38002

    Sponsored
    For Sale
    Contact for pricing

    Prime TN location, retail & medical space.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use development opportunity in Lakeland, Tennessee, presents a unique blend of commercial and residential possibilities. Situated on Canada Rd, in Shelby County, zip code 38002, this property boasts a total acreage ranging from 1.28 to 10.34 acres. The development plan encompasses a diverse range of uses, including single-family homes, townhomes, multi-family dwellings, retail, medical offices, and hospitality options. A proposed shopping center offers up to 50,000 square feet of leasable retail space. Five retail parcels, totaling approximately 10.34 acres, are available for sale or lease. Additionally, two parcels totaling 5.1 acres are designated for medical or office use and are also available for sale or lease. The project is slated for completion in the third quarter of 2024. This prime location offers unparalleled access to key transportation arteries, including Interstate 40 (with an average annual daily traffic count of 69,585) and Interstate 269, placing it within convenient reach of The Lake District and the significant economic engine of Blue Oval City (22.7 miles away). Canada Road itself boasts an average annual daily traffic count of 10,431, ensuring high visibility and accessibility for businesses. This is a rare chance to be part of a thriving community experiencing substantial growth.

    Property Features for 0 Canada Rd

    General Information

    Property type
    Lifestyle centers
    Lot Size
    55,757 SF

    HighLights

    • Mixed‑use development with residential (single‑family, townhome, multi‑family) and commercial (retail, medical, office, hospitality) components.
    • 50,000 SF retail center available for lease.
    • 10.34± acres of retail land available for sale or lease, comprised of five parcels.
    • 5.1 acres of medical/office land available for sale or lease, comprised of two parcels.
    • Q3 2024 delivery.
    • Excellent location near The Lake District, I‑40, I‑269, and Blue Oval City (22.7 miles).
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Lakeland
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7433206
    Latitude
    35.2350018

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    FAQs

    What type of property is this?
    Lifestyle center - Prime TN location, retail & medical space.
    Where is this lifestyle center located?
    The property is located at Canada Rd Lakeland, TN.
    What are key features of this property?
    This property features: Mixed-use development with residential (single-family, townhome, multi-family) and commercial (retail, medical, office, hospitality) components.; 50,000 SF retail center available for lease.; 10.34± acres of retail land available for sale or lease, comprised of five parcels.
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    Canada Rd Lakeland, TN 38002
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    Lakeland, TN 38002
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Canada Rd Lakeland, TN 38002
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