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5298 Egypt Ctr - Commercial/ Convenience store/self storage 11.59 Acres of Commercial Land Offered at $515,000 in Memphis, TN 38128
Investment Highlights
- Multiple Access Points
- Minutes from Bartlett
- ±13.61 Acres Total
Executive Summary
The property consists of approximately 13.61 acres and offers a unique opportunity for developers, investors, owner-users, and national retailers seeking a strategically located commercial site with significant entitlement work already completed.
One of the property's greatest advantages is its Commercial Planned Unit Development (PUD) approval, granted on December 22, 2023, substantially reducing development risk and shortening the entitlement timeline compared to traditional raw land acquisitions.
The site is configured into two development areas:
• Lot 1: ±2.03 acres positioned directly on the signalized corner, offering exceptional visibility and frontage suitable for retail, restaurant, financial institution, convenience retail, or other high-profile commercial uses.
• Lot 2: ±11.58 acres located immediately behind the corner tract, providing ample space for larger commercial developments, medical office campuses, mixed-use concepts, office buildings, service retail, or phased development.
The flexibility of the site's configuration allows developers to pursue multiple strategies, including:
• Single-user development
• Multi-tenant retail center
• Medical office campus
• Mixed commercial development
• Phased construction
• Pad site sales
• Owner-user development
Located along Austin Peay Highway, one of northeast Shelby County's primary transportation corridors, the property enjoys excellent visibility and accessibility from both Austin Peay Highway and Egypt Central Road.
Property Facts
1 Lot Available
Lot
| Price | $515,000 | Lot Size | 11.59 AC |
| Price Per AC | $44,423.36 |
| Price | $515,000 |
| Price Per AC | $44,423.36 |
| Lot Size | 11.59 AC |
±13.61-acre commercial development site featuring an approved Commercial PUD. Includes a ±2.03-acre corner parcel and ±11.58-acre tract at the signalized intersection of Austin Peay Hwy & Egypt Central Rd with excellent visibility and frontage.
Description
The property consists of approximately 13.61 acres, including a highly visible 2.03-acre corner tract and an additional 11.58-acre commercial development tract with an approved Planned Unit Development (PUD), creating flexibility for a variety of commercial uses. Positioned along one of the area's primary commuter corridors, the property offers excellent visibility, multiple points of access, and significant frontage along both Egypt Central Road and Austin Peay Highway. The approved commercial PUD substantially reduces entitlement risk and shortens development timelines compared to competing raw land sites. The surrounding trade area includes more than 56,000 residents within three miles, a median household income approaching $80,000, and over 1,000 businesses, providing a strong customer base for retail, medical, office, restaurant, service, or mixed commercial development. This is an outstanding opportunity for developers, owner-users, medical groups, investors, or national retailers seeking a well-located commercial development site in one of Memphis' established suburban growth corridors.
Presented by
5298 Egypt Ctr - Commercial/ Convenience store/self storage
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