Canada Rd Lakeland, TN 38002

This exceptional mixed-use development opportunity in Lakeland, Tennessee, presents a unique blend of commercial and residential possibilities. Situated on Canada Rd, in Shelby County, zip code 38002, this property boasts a total acreage ranging from 1.28 to 10.34 acres. The development plan encompasses a diverse range of uses, including single-family homes, townhomes, multi-family dwellings, retail, medical offices, and hospitality options. A proposed shopping center offers up to 50,000 square feet of leasable retail space. Five retail parcels, totaling approximately 10.34 acres, are available for sale or lease. Additionally, two parcels totaling 5.1 acres are designated for medical or office use and are also available for sale or lease. The project is slated for completion in the third quarter of 2024. This prime location offers unparalleled access to key transportation arteries, including Interstate 40 (with an average annual daily traffic count of 69,585) and Interstate 269, placing it within convenient reach of The Lake District and the significant economic engine of Blue Oval City (22.7 miles away). Canada Road itself boasts an average annual daily traffic count of 10,431, ensuring high visibility and accessibility for businesses. This is a rare chance to be part of a thriving community experiencing substantial growth.