LOT SIZE 2.950 acres
MLS#10222341
STATUSPending
PROPERTY TYPELand - Residential
SUBDIVISIONunsubdivided
NEIGHBORHOODCovington Pike - South
Property Description
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.
Property Features
Property Type: Land - Residential
Lot Size: 2.95 Acres
Feature Descriptions
Days on Site: 2
Improvements: None
Lot: Wooded
Lot Dimensions: 2.957 acres
Lots Available: 1 Only
Road Frontage: Paved
Listed By / Shown By
Listed By
Agency Name: eXp Realty, LLC
Shown By
Agent Name: Anna Palazola
Agent Phone: (901) 383-3968
Agency Title: Crye-Leike Real Estate Services
Source: MAAR MLS
Estimate Your Payment
Estimated Payment
$ 364.94 per month $322.66 Principal & Interest $0.00 Property Tax (data not provided by mls) $42.28 Homeowner's Insurance
5259 Stage Rd | MLS# 10222341
This land located at 5259 Stage Rd, Bartlett, TN 38134 is currently listed for sale with an asking price of $144,977. The property has approximately 2.95 Acres. Search Covington Pike - South real estate on annapalazola.crye-leike.com today.