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- LoopNet Team
0 Frasier-Raleigh Rd
Memphis, TN 38128
Memphis Residential Development Property · Land For Sale
·
5.42 AC
INVESTMENT HIGHLIGHTS
- Great location less than 1.2 miles to the new Nike and Amazon distribution centers.
- Easy access to all public utilities including electricity, water/sewer and natural gas.
- Located just minutes from Interstate 40 which provides quick access to all of the Memphis Metropolitan area.
- 315 feet of road frontage along a four laned street.
- Zoned RU-2 which accommodates single family or multi-family residential housing.
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 5.42 AC |
| Property Subtype | Residential | ||
| Zoning | RU-2 - Zoned RU-2 which accommodates single family or multi-family residential housing | ||
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 5.42 AC |
| Zoning | RU-2 - Zoned RU-2 which accommodates single family or multi-family residential housing |
DESCRIPTION
Discover an exceptional opportunity with this 5.42-acre wooded residential development tract, ideally situated for new housing in a high-growth area. Located less than one mile east of the brand new Nike distribution center and just 1.2 miles from the new Amazon distribution center, this property is perfectly positioned to meet the escalating demand for housing driven by recent new jobs. Zoned RU-2, this parcel is perfect for either single-family or multi-family development. Its gentle rolling topography provides ideal building sites. With 315 feet of direct road frontage on the four-laned Frayser Raleigh Road, the property has great visibility and easy access to public utilities, streamlining the development process. Capitalize on the strategic location, just minutes from Interstate 40, ensuring easy access to anywhere within the vibrant Memphis Metropolitan area. This is more than just land; it's an immediate opportunity to deliver much-needed housing stock to an expanding workforce.
