0 Houston Levee Road

9800 Houston Levee Road, GermantownTN 38017

44.54 Acres
$4,270,000

Listing Details

List Price
$4,270,000
Listing Price Per SF
$2.20
List Price Per Acre
$95,869
List Date
2/01/2021
Available Date
2/01/2021
Listing ID
25594823

Houston Levee Development Site

CRYE-LEIKE COMMERCIAL is pleased to bring to market a significant residential development opportunity. This site is uniquely positioned within the Town of Collierville, Tennessee surrounded by the highest household income values in the region. A high-end residential development is one of the highest and best uses for this site with the implementation of a proposed lake and surrounded by 8' paved walking trails. This site is also located across the street from St. George's Independent School and offers convenient access to neighborhood shopping and dining at the intersection of Wolf River and Houston Levee. Early indications say this could be the site of the area's next big "home show".

The Subject Property, located on the west side of Houston Levee Road just south of the

Wolf River, consists of 44.5 +/- acres.

Located within the town of Collierville’s extreme northwest corner, the Subject Property abuts the city of Germantown corporate limits on its west line; the Wolf River to the north; Houston Levee Rd. (600 +/- frontage) to the east; and an MLGW sub-station and single-family property to the south. Current area land use consists of vacant, undeveloped Wolf River floodplain to the west and north; St. George’s 125 +/- acres high school campus to the east; and utility infrastructure and rural residential to the south.

The Subject Property lies approximately 0.5 miles to the north of a major mixed land use node at the intersection of Houston Levee Rd. and Wolf River Boulevard. Houston Levee Rd. is a major regional arterial road, with traffic counts in excess of 20,000 vehicles per day at its intersection with Wolf River Boulevard.

The Conceptual Development Plan illustrates a plan for a single family residential development consisting of a total of 35 lots. Additionally, two out-parcels have been reserved for uses that would be permitted as conditional uses under the R-1 zoning district. It is envisioned that this development would be entitled utilizing a Planned Development Overlay, which would permit flexibility from the conventional bulk requirements (i.e. lot sizes, building setbacks, land use, etc.) of the R-1 zoning district and permit possible density bonuses of up to 16 percent.

Call us today to learn more or receive an information packet. 901.758.5670

Space Details

Total Available
44.54 Acres
Primary Use
Land

Contact

No agents are currently associated with this space.

Property Highlights

Type
 Land: Residential Development
Size
62,755 SF, 44.54 Acres
Zoning
R-1

Source: Eric Fuhrman, CCIM

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