4855 Egypt Central RdMemphis, TN 38128

Property Details for 4855 Egypt Central Rd

Lot size

18.85 AC

Property type

Other commercial real estate

Property subtype

Other land

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.

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.2424

Longitude

-89.8915

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