Highway 196, Lakeland, Tennessee 38002
53 Acres on Highway 196 | Gallaway, TN is a land for sale in Lakeland, Tennessee. Key details: lot size 53 acres, property status Normal Sale, building status Existing. Listed by Shawn Massey CCIM, CRRP, ALC of TSCG - The Shopping Center Group on LoopingCloud and last updated April 27, 2026.
Unlocking massive potential in the rapidly expanding corridor of Gallaway, Tennessee, this expansive 53-acre commercial land offering represents a premier development opportunity. Strategically located on the north side of Interstate 40 at Highway 196, this site is positioned at the epicentre of a burgeoning economic hub, specifically curated for high-density commercial, retail, and hospitality ventures.
This expansive portfolio consists of 13 individual parcels totaling approximately 53 acres, situated immediately off Exit 28 of I-40. With the region experiencing an unprecedented industrial and residential surge, this land is a foundational asset for developers looking to capitalize on the "Blue Oval" effect.
The property features a sophisticated conceptual site plan designed to maximize utility and ROI. The vision for this site includes:
Retail & Shopping Centers: Ideal for large-scale anchors or boutique retail strips.
Quick Service Restaurants (QSRs): High-visibility pads for national food and beverage brands.
Hospitality Units: Perfect terrain for premium hotels catering to both interstate travelers and the influx of professional staff visiting the area’s new industrial sites.
One of the most compelling aspects of this Highway 196 land is its immediate neighbors. The site is nestled between a 13-acre multi-family residential development and a 28-acre proposed anchor development, both of which are currently under contract. This surrounding growth ensures a built-in customer base and high foot traffic from day one. Additionally, the property sits directly across from the Winstead Trade Center, a massive logistics and commerce hub boasting 3.2 million square feet.
Location is everything, and this site is positioned just 14.4 miles from Blue Oval City, Ford Motor Company’s revolutionary manufacturing campus. As Ford prepares to build its next generation of electric Ford F-Series trucks, the demand for commercial support services, lodging, and retail in this specific radius is projected to skyrocket.
Total Acreage: 53± Acres across 13 versatile parcels.
Unrivaled Visibility: Frontage and immediate access to I-40, which carries a staggering 44,490 AADT (Annual Average Daily Traffic).
Growth Corridor: Located in the primary path of development between Memphis and the Blue Oval City project.
Flexible Sub-Type: Zoned for Commercial use, supporting a wide variety of development phases.
Take advantage of this rare opportunity to secure a significant footprint in Gallaway’s future. Whether for a phased shopping center or a landmark hospitality project, this Highway 196 acreage offers the scale and visibility required for a successful long-term investment.
Key highlights
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | - | - | - | - | - |
Address as shown by the lister.
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The property is in Highway 196, Lakeland, Tennessee 38002, Fayette County.
This is a land for sale in the commercial category.
The lot is 53 acres.
The lister indicates: Third Party Financing.
Shawn Massey CCIM, CRRP, ALC of TSCG - The Shopping Center Group listed this property. Use the Request Info button to send a message or call (910) 461-7070.
It was published on April 27, 2026 and last updated on April 27, 2026.
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