Highway 196 Arlington, TN 38002

Property Details for 0 Highway 196

Lot size

53.00 lot acres

Property type

Land

Description

This exceptional 53-acre commercial land parcel presents a unique investment opportunity in Lakeland, Tennessee. Strategically located on Highway 196, directly off Exit 28 of Interstate 40, this property boasts unparalleled visibility and accessibility. The site comprises thirteen individual parcels, offering flexibility for various development scenarios. A conceptual site plan envisions a thriving commercial development, including retail spaces, quick-service restaurants, hotels, and restaurants. This prime location benefits from its proximity to significant developments. It sits between a 13-acre multi-family residential development and a proposed 28-acre anchor development, both currently under contract. Across the street lies the Winstead Trade Center, a substantial 3.2 million square foot facility. Furthermore, the property enjoys exceptional proximity to the highly anticipated Blue Oval City, Ford's new electric vehicle manufacturing plant, located approximately 14.4 miles away. The high traffic volume of Interstate 40, with an average annual daily traffic count of 44,490 vehicles, ensures significant exposure for any development. This is an exceptional opportunity to capitalize on the growth and development occurring in this rapidly expanding area of Shelby County, Tennessee. The property is zoned for commercial use and is ready for immediate development. Detailed site plans and further information are available upon request.