+11 more
2.95
Acres
PRIME R-10 DEVELOPMENT OPPORTUNITY-2.96 Acres | 5259 Stage Road, Memphis, TN 38134 $227,000 | 6-12 potential Home Sites. Land cost per lot: $20,625 to $41,250 depending on density (6 to 12 homes) In a market where median home prices hit $353,900 and inventory sits at only 202 homes, can you afford to pass on land at these prices? Quick ROI scenario (10 homes): 10 homes × $350,000 = $3.5M gross Land + construction + infrastructure = ~$2.75M potential profit: $750K+ Blue Sky Communities just validated this market with their $162M Union Depot development nearby—337 flats, 161 single-family homes at ~$450K, and 70 townhouses at ~$300K. Institutional money chose this corridor for a reason. Location advantages: I-40 access (1.5 miles) - BlueOval City bringing 3,000+ new Bartlett residents Wolfchase Galleria (minutes away)Buyer is responsible for utility connections, permits, and infrastructure.Established neighborhoods surrounding the property Verify all information independently.
Features
Exterior & Lot
| Lot Dimensions | 2.957 acres |
Neighborhood
| Directions | Turn right onto Yale Rd ? 1.2 mi Turn left onto Lynchburg St ? 1.0 mi Turn left onto Stage Rd ? Destination will be on the right |
Utilities
| Utilities | Other (See REMARKS) |
Financial
| Annual City Tax | $309 |
| Annual County Tax | $328 |
Contact Agent
Location
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5259 STAGE