4855 Egypt Central Rd Memphis, TN 38128
- Commercial real estate
- 18.85 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4855 Egypt Central Rd
- Lot size
- 18.85 lot acres
- Property type
- Commercial real estate
- APN
- 087006 00004 & 087006 00008
Description
This exceptional 18.853-acre property in Memphis, Tennessee, presents a remarkable investment opportunity. Situated on Austin Peay Highway, this land boasts 1,855+/- feet of highway frontage, ensuring exceptional visibility to the 23,170 vehicles that travel this busy thoroughfare daily. The property's strategic location offers unparalleled access and exposure. The zoning is a key advantage, with 14.218 acres designated CMU-2 (Commercial Mixed-Use) and 4.635 acres zoned RU-3 (Residential). This dual zoning allows for diverse development options, catering to a wide range of commercial and residential projects. Its proximity to Methodist North Hospital (less than a mile away, a 246-bed facility) further enhances its appeal. The surrounding area is densely populated, with over 80,000 residents within a 5-mile radius and an average household income exceeding $89,269 within a 3-mile radius. The property's APN is 087006 00004 & 087006 00008. This location offers developers the chance to capitalize on a thriving market and create a successful venture. The Shelby County location and 38128 zip code add to its desirability.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.891518473968
- Latitude
- 35.242376526814
