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Investment Highlights

  • Fully Entitled 36-Unit Multifamily Development Opportunity
  • PD RU-3 zoning with multifamily use
  • Convenient Appling Road location with access to the greater Memphis market
  • Approved for 36 apartment residences across three 2-story buildings
  • Shovel-ready opportunity designed to significantly reduce a buyer’s predevelopment timeline
  • Civil, architectural, structural and MEP plans completed Transferable plans/approvals Utility availability confirmed

Property Facts

Price $725,000
Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
Total Lot Size 3.02 AC
Cross Streets Cordova Club Dr E
Zoning RU-3 - Parcel ID: D0214 00579 Residential Urban 3- 12 unit per acre max density

1 Lot Available

Lot RML-Lot 3

Price $725,000
Price Per AC $240,066.23
Lot Size 3.02 AC

The Lofts at Cordova Club Fully Entitled 36-Unit Multifamily Development Opportunity Rare opportunity to acquire a fully entitled, shovel-ready multifamily development in the highly desirable Cordova submarket of Memphis, Tennessee.

Description

The property consists of approximately 3.019 acres with approved plans for 36 apartment homes in three attractive two-story residential buildings. The approved unit mix includes 24 one-bedroom units and 12 two-bedroom units, offering spacious floor plans designed to appeal to today’s renters. All major entitlement work has been completed, including site planning, civil engineering, architectural plans, and development approvals, allowing a developer to move directly toward construction while avoiding the time, cost, and uncertainty of the entitlement process. Ideally located along Appling Road with convenient access to Interstate 40, Germantown Parkway, Wolfchase, major employers, retail, dining, and healthcare, the property benefits from one of the strongest residential corridors in the Memphis metropolitan area. Property Highlights 3.019± Acres Fully Entitled & Pending Permit-Approval Approved for 36 Apartment Units Three Two-Story Residential Buildings 24 One-Bedroom / 12 Two-Bedroom Units 69 Parking Spaces Transferable Development Plans Utilities Available Excellent Access to I-40 and Germantown Parkway Located in the Growing Cordova Submarket

Somewhat walkable
30/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
  • Listing ID: 41429724

  • Date on Market: 7/25/2026

  • Last Updated:

  • Address: 0 Appling Rd, Cordova, TN 38018

Contact the Sale Advisor

0 Appling Rd - Lofts @ Cordova Club

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