0 Mayhill Rd

BID ONLINE – APPROVED MULTI-FAMILY DEVELOPMENT LAND • 28.859 +/- Acres Approved for Multi-Family • Site is 1.25 Miles from Blue Oval City – Direct Access via Local Roads • Tract Has Been Annexed into Town of Stanton: ALTA Survey Performed • Zoned R2, Which Allows for Multifamily Use • 480 Sewer Taps Have Been Secured with the Town Through a Will Serve Letter • Sewer Service Is Contiguous to the Tract • Water, Gas, and Electric Utilities Are Adjacent to the Site • High Demand Area for Residential Development. SK Begins Production in 2025 and Ford in 2027 • A Full Depth Reclamation Rebuild of SR 179 Along the West Side of the Tract from SH 70 to Exit 47 on I-40 Was Completed in August 2024 • Site Is Generally Level with Slight Slope to the East for Future Detention • Significant Roadway Improvements Planned for the West Side of Blue Oval City, Including New Exit 39 Interchange on I-40 • Potential New YMCA to Be Built Near Blue Oval Offering Daycare • Out-of-State Owner Says Must Sell! • Don’t Miss This Opportunity to Acquire a Project with the Approval for Services Already In-Hand! Online bidding ends November 14th at 4:00pm CT Tranzon Asset Advisors, Tim Mast, TN Auctioneer #5252 In Cooperation with Commercial Advisors, Dave Curran 10% Buyer's Premium and other terms apply The property is located in Stanton, TN which is a 49-mile drive from downtown Memphis which is the largest nearby city. The site is rectangular in shape and considered flat for development. The sewer and water are located adjacent and near to the site. This is the only vacant, developable multifamily tract that has these services readily available within approximately a 10-mile radius around the town of Stanton.