Memphis TN Singleton Pkwy Memphis, TN 38128
This exceptional 30.41-acre commercial land parcel presents a remarkable investment opportunity in Memphis, Tennessee. Strategically located at the highly visible intersection of Austin Peay Highway and Singleton Parkway, this property enjoys unparalleled visibility and accessibility. Its RU-3 (Residential Urban) zoning allows for a diverse range of development possibilities, from multi-family dwellings to single-family homes, catering to various housing needs and preferences. The site benefits from its proximity to major employers, including the new Amazon and Nike distribution centers (less than a 10-minute drive), and the future Ford Blue Oval City (less than an hour's drive), which will bring over 6,000 new jobs to the region. This location is also anchored by a robust commercial infrastructure, with a Walmart Supercenter, Kroger, Chick-fil-A, Wendy's, Walgreens, Regions Bank, and Firestone Automotive Center all within a quarter-mile radius. Furthermore, Methodist North Hospital and multiple medical offices are directly across Austin Peay Highway, ensuring a steady stream of potential residents and customers. City water, sewer, and electricity are readily available, simplifying the development process. The property's APN numbers are 08700600009, 08700600009, and 08700600002. This prime location offers exceptional potential for residential development in a thriving commercial area, promising significant returns on investment. The address is 0 Singleton Parkway, Memphis, TN 38128.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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