Ashmont: Premier 6.11± Acre Retail Development Opportunity

Canada Rd, Lakeland Tennessee, 38002

Listing ID: CL-Tennessee-27586 Commercial Mixed Use Retail
Published on: Thursday, April 23, 2026 | Updated on: Thursday, April 23, 2026

Listing Summary

Premier 6.11± Acre Retail Development Opportunity. High-Visibility Commercial Parcels in Lakeland, Tennessee’s Newest Mixed-Use Hub

Full Description

Located at the high-traffic northwest corner of Canada Road and Davies Plantation Road, Ashmont offers an exceptional opportunity for retailers, restaurateurs, and commercial developers. Situated just off Interstate 40, these two retail parcels represent the commercial heart of a sophisticated master-planned community in Lakeland, TN, designed to capture the attention of both local residents and regional commuters.

Prime Retail Investment Highlights

As part of a sprawling mixed-use ecosystem, these retail parcels benefit from a "built-in" customer base and a strategic location within a high-growth corridor.

  • Strategic Retail Footprint: Two prime parcels totaling 6.11± acres are available for Sale or Lease, providing the flexibility needed for big-box retail, specialized boutiques, or signature dining establishments.

  • Master-Planned Synergy: The Ashmont development integrates single-family homes, townhomes, and multi-family residences with medical, office, and hospitality sectors. This diverse mix ensures consistent foot traffic throughout the day and evening.

  • Q3 2024 Delivery: With construction and site development moving quickly, these parcels are scheduled for a 3rd Quarter 2024 delivery, allowing brands to establish their presence and open for business in a rapidly expanding market.

  • Hospitality Potential: Given the proximity to the interstate and the mixed-use nature of the site, these parcels are also ideal for hospitality or service-based ventures.

Unrivaled Regional Access & Visibility

The value of Ashmont is anchored by its incredible connectivity to the region’s major economic drivers.

  • The Blue Oval City Factor: Located just 22.7 miles from Blue Oval City, this site is perfectly positioned to serve the thousands of employees and families relocating to West Tennessee for Ford’s massive electric vehicle manufacturing campus.

  • Interstate Gateway: Immediate access to Interstate 40 and Interstate 269 makes this a convenient stop for regional travelers and a central destination for residents of Lakeland, Arlington, and East Memphis.

  • Lifestyle Neighbors: The development is in close proximity to The Lake District, further solidifying this corner as the premier destination for shopping and dining in the area.

High-Impact Traffic Exposure

Maximize your brand’s visibility with some of the highest traffic counts in the region. The constant flow of vehicles ensures that your business remains a prominent landmark for tens of thousands of potential customers daily:

  • Interstate 40: 69,585 VPD (Annual Average Daily Traffic)

  • Canada Road: 10,431 VPD

Summary of Property Details

  • Property Type: Retail / Commercial Land

  • Total Acreage: 6.11± Acres (Available in 2 Parcels)

  • Status: Vacant / New Development

  • Transaction Options: For Sale or Lease

  • Location: Lakeland, TN (Canada Rd & Davies Plantation Rd)

This 6.11-acre retail component at Ashmont is more than just a plot of land; it is a gateway to the flourishing Lakeland economy. Whether you are looking to develop a new retail center or secure a high-profile location for a national brand, Ashmont provides the demographics, visibility, and infrastructure to ensure long-term profitability.

Quick Glance

  • Listing ID: CL-Tennessee-27586
  • Status: Active
  • Year Build: N/A
  • Building Size: N/A
  • Lot Size: 6,110.00 Acre

Complete Details

  • Total Lot Area: 6,110.00 Acre
  • Heating and Cooling: Not Specified

Pricing Details

Additional Features

Highlights
  • Mixed-use development with single family homes, townhomes,
  • multi-family, retail, medical, office and hospitality opportunities
  • 2 retail parcels totaling 6.11± acres available For Sale/Lease
  • 3rd Quarter 2024 delivery
  • Close proximity to The Lake District, Interstate 40, Interstate 269 and Blue Oval City (22.7 miles)
  • Traffic Counts (AADT): Interstate 40 (69,585) and Canada Rd (10,431)

Listing Location

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