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4118 Austin Peay Hwy
Memphis, TN 38128
Land For Sale · 28.54 AC

INVESTMENT HIGHLIGHTS

  • On busy Austin Peay Highway
  • Near busy shopping area which includes Walmart SuperCenter, Kroger, Dollar Tree, Wendy's, Burger King, Regions Bank
  • Up to 72 Units duplex/fourplex
  • Adjacent to Methodist North Hospital and Encompass Health Rehab Hospital
  • Up to 135 units multi-family
  • 5 acres zoned commercial

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Industrial
  • Retail
  • Mixed Use
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
  • Auto Dealership
  • Auto Repair
  • Convenience Store
  • Department Store
  • Drugstore
  • Hospital
  • Medical
  • Storefront
  • Agricultural
Total Lot Size 28.54 AC
Zoning PD - Planned Development has 5 acres commercial fronting on Austing Peay Hwy, 3 entrances, plus 23 acres for 135 units MF and 72 units duplex/fourplex

DESCRIPTION

Approx 28 acres on Austin Peay Highway adjacent to Methodist North Hospital. Encompass Health Rehabilitation Hospital borders the southwest portion of the 28 acres. Property is slightly higher than Austin Peay Highway suggesting little to no fill will be required. The planned development calls for 5 ac commercial fronting on Austin Peay Highway; 9 ac multi-family (not to exceed 135 units). 14 acres duplex/fourplex (not to exceed 4 units/building and 72 total units).

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
08-7007-0-0015
Land Assessment
$228,560
Improvements Assessment
$0
Total Assessment
$228,560
  • Listing ID: 28092829

  • Date on Market: 3/29/2023

  • Last Updated:

  • Address: 4118 Austin Peay Hwy, Memphis, TN 38128

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