4610 Raleigh Lagrange Rd
Memphis, TN 38128
Parcel 2 · Land For Lease

This expansive 29.21-acre property offers a rare opportunity for mixed-use development in a high-visibility location at the southeast corner of Raleigh Lagrange Road and Hoover Drive. The site is strategically positioned to capture both commercial and residential demand, with Parcel 1 (2.8 acres) ideal for retail or service-oriented businesses and Parcels 2 and 3 (10.52 and 15.89 acres) suited for residential communities. The property benefits from a robust traffic count of 26,315 AADT along Raleigh Lagrange Road, ensuring strong exposure for future commercial tenants. Surrounding demographics underscore the growth potential: within five miles, the population exceeds 193,000 with an average household income of nearly $60,000. Daytime population density further enhances retail viability, while residential developers will appreciate the proximity to established neighborhoods and employment centers. Memphis’ central location and connectivity to major highways make this site a compelling choice for investors seeking long-term value in a thriving market.