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1091 N 6th St - The Landings at Washington Park

3.3 Acres of Commercial Land Offered at $2,300,000 in Memphis, TN 38107

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Investment Highlights

Adjacent to Greeenline extension into downtown Memphis
Within 5 minutes walking distance to Grind City Brewery

Large site adjacent to Washington Park

Executive Summary

Prime Investment Opportunity, +/-3.3 acres adjacent to Washington Park. Chelsea Greenline. The city plans to acquire and construct a 2.5-mile shared-use path in the unused Union Pacific Railroad right-of-way adjacent to Chelsea Avenue from Evergreen Street to Washington Park. Federal money will be used for about 80% of the project with the city making up the rest.

Property Facts

Price	$2,300,000	Property Type	Land
Sale Type	Investment or Owner User	Property Subtype	Commercial
Sale Conditions	1031 Exchange	Proposed Use	Mixed Use Multifamily Apartment Units Apartment Units - Senior Apartment Units - Subsidized Hold For Development Hold For Investment Planned Unit Development
No. Lots	1	Total Lot Size	3.30 AC

Price	$2,300,000
Sale Type	Investment or Owner User
Sale Conditions	1031 Exchange
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Mixed Use Multifamily Apartment Units Apartment Units - Senior Apartment Units - Subsidized Hold For Development Hold For Investment Planned Unit Development
Total Lot Size	3.30 AC

1 Lot Available

Lot

Price	$2,300,000	Lot Size	3.30 AC
Price Per AC	$696,970

Price	$2,300,000
Price Per AC	$696,970
Lot Size	3.30 AC

+/-3.3 acre site adjacent to Washington Park. Across the street from Grind City Brewery. Around the corner from Souls and Spirits Brewery.

Description

Building to be demolished. Land adjacent to Washington Park and Greenline extension.

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PROPERTY TAXES

Parcel Number	03-9004-0-0010	Improvements Assessment	$2,560
Land Assessment	$32,360	Total Assessment	$34,920

PROPERTY TAXES

Parcel Number

03-9004-0-0010

Land Assessment

$32,360

Improvements Assessment

$2,560

Total Assessment

$34,920

Listing ID: 23733157
Date on Market: 7/20/2021
Last Updated:
Address: 1091 N 6th St, Memphis, TN 38107

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