Property profile

10494 Us-64 Lakeland, TN 38002

OFF-MARKET
Land
15.41 ac lot
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Property summary

AI-generated overview

This exceptional 15.406-acre commercial land parcel presents a remarkable investment opportunity in Lakeland, Tennessee. Strategically located on Highway 64, this property boasts excellent visibility and accessibility, making it ideal for a wide range of commercial developments. The site's prime location offers significant advantages, including convenient proximity to major transportation arteries. Specifically, it's situated within easy reach of both Interstate 40 and Interstate 269, ensuring seamless connectivity for businesses and their clientele. Furthermore, its location provides a compelling advantage for businesses seeking proximity to key regional hubs. The property is approximately 30 minutes from the burgeoning Blue Oval City development and Downtown Memphis, offering access to a large and diverse workforce and consumer base. For businesses needing quick access to major interchanges, the property is only 15 minutes away from the I-40/I-240 interchange. The asking price for this significant land holding is $1,100,000. This presents a unique chance to acquire a substantial tract of land in a rapidly growing area with exceptional infrastructure and access to key transportation networks. The property is zoned for commercial use (verification of zoning with local authorities is recommended). Serious inquiries are encouraged to explore the potential of this prime development site. The address is 10494 US-64, Lakeland, TN 38002, located in Shelby County.

Property profile

Verified
Property type Land
Lot 15.41 ac (671,085 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

10494 Us-64 Lakeland, TN 38002
Lakeland metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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