Fayette County Corner Development Site

Vacant Land for Sale
Catylist Listing ID: 29984316
Property Subtypes: Retail, Retail-Pad
Gross Land Area: 26.55 Acres
Sale Price: $5,900,000
Unit Price: $222,222 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/28/2018

Overview / Comments

CRYE-LEIKE COMMERCIAL is pleased to present a rare, hard corner development opportunity on HWY 57 at the gateway to Fayette County. Located less than one mile from I-269, this site is considered by many as the eastern anchor to a rapidly-developing Memphis suburb. This is a gently rolling, 26.55 acre site slated for commercial and mixed use development. The site currently includes a corner convenience store and single family residence both with short term leases in place. Public water, electric and natural gas service to the site. Municipal sewer service is under construction now and currently slated for 2018. This is a perfect opportunity for regional retail, office and mixed use developers. Please contact us today to request a complete offering package.

Additional Details

Nearest MSA: Memphis
County: Fayette
Taxing Authority: Fayette County
Property Visibility: Excellent
Airports: Memphis International (MEM), Fayette County Airport (KFYE), Olive Branch Airport (OLV)
Lot Frontage: 2186
Lot Depth: 941
Zoning Description: Commercial and Rural Conservation
Topography: Rolling
Easements Description: See ALTA survey with full offering memorandum
Available Utilities: Electric, Water, Gas
Water Service: Municipal
Sewer Type: Other

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,507 15,689 37,783
Median Age: 50.98 39.55 39.21
Households: 602 5,360 13,131
The information presented herein is provided as is, without warranty of any kind. Neither Catylist nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.