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- LoopNet Team
1560 Drew rd
Memphis, TN 38109
Tranquil Timbers Estates | 54 Lot Subdivision · Land For Sale
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20.86 AC
INVESTMENT HIGHLIGHTS
- Fully Entitled Shovel Ready
- $69M worth of approved investment in the Property's district
- Existing 3 BR/2 BA 2018 SF Lakeside residence available as part of purchase package consideration.
- Utilities Fully Available and ready to be developed
- Lack of new supply in the property's submarket
- Opportunity for immediate site clearing and improved road frontage.
PROPERTY FACTS
DESCRIPTION
Lee & Associates is pleased to present an exceptional opportunity: a fully entitled, shovel ready 54-lot subdivision located at the northwest corner of Coro Road and Drew Road in Memphis, Tennessee. This rare offering combines the serene ambiance of Coro Lake’s peaceful surroundings with the convenience of being just minutes from the vibrant amenities and attractions Memphis has to offer. The current ownership has engaged top area professionals for the development team. The result is a highly acclaimed, meticulously designed land plan with great circulation and three common/amenity areas. The site fronts the primary scenic route into the Coro Lake community west side. Adequate existing infrastructure allows immediate site clearing and grading of the frontage road lots. With a significant supply-demand gap and a scarcity of new housing developments in the area, this project presents a compelling opportunity to address the market need and create a thriving residential community.
