5259 Stage Rd, Memphis, TN 38134 - Shelby County

PRIME R-10 DEVELOPMENT OPPORTUNITY

2.96 Acres | 5259 Stage Road, Bartlett, TN 38134

$227,000 | 6-12 Home Sites

THE NUMBERS SPEAK FOR THEMSELVES

Land cost per lot: $20,625 to $41,250 depending on density (6 to 12 homes)

In a market where Bartlett 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+

WHY THIS LOCATION WINS

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)

Established neighborhoods surrounding the property

Major corridor visibility on Stage Road

Market conditions:

Seller's market with limited inventory

10.6% month-over-month price appreciation (Dec 2024)

Strong suburban family demand

$396.6M in capital investment in Bartlett over 4 years

THE OPPORTUNITY

What you're getting:

2.96 acres of raw land with R-10 zoning (10,000 sq ft min. lots)

Clean slate to design your ideal layout (6-12 homes)

City utilities available nearby (requires extension to site)

Surrounded by existing homes in proven market

Build your way:

6 half-acre executive homes at $450K+

10 one-third-acre family homes at $325-375K

12 quarter-acre+ homes at $300-350K

THE QUESTIONS THAT MATTER

? When was the last time you found R-10 land under $250K on a major corridor with a $162M development next door?

? With BlueOval City workers needing housing and only 202 homes available in Bartlett, how long will this pricing last?

? Can you afford to let another builder grab this while you're still searching for land?

FINAL THOUGHTS

$227,000 gets you: ? Land cost under $42K per lot (even at just 6 homes)

? Institutional validation from Blue Sky Communities

? Award-winning schools driving buyer demand

? BlueOval City timing with worker housing needs

? Complete development control from ground up

Raw land. Your vision. Perfect timing.

Serious builder inquiries only. Buyer is responsible for utility connections, permits, and infrastructure development. Verify all information independently.