5221 Chester St | Arlington, TN 38002
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5221 Chester St
Arlington, TN 38002
3 development tracts Arlington TN - 267 Acres · Land For Sale · 121.54 AC
Investment Highlights
- Up to 289.2 adjoining residential development acres total available, including this tract
- Town is currently installing sewer across this property
- All due diligence already performed for quick start
- Located next to Interstate 40 and close to Memphis
- One of the largest remaining development tracts outside Memphis
Executive Summary
Seller will subdivide. Offered at $33,500 an acre. Current sewer installation in progress. This is one of the largest development tracts left in Arlington. Located right off I-40 for prime location and convenience to everything and Memphis. Currently in the TN Greenbelt tax savings program. All public utilities available and merchantable timber. Email offers to jvickrealtor@gmail.com or jasonmillerrealtor@gmail.com.
PROPERTY FACTS
| Sale Type | Investment or Owner User | Property Type | Land |
| Sale Conditions | Bulk/Portfolio Sale | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 121.54 AC |
| Sale Type | Investment or Owner User |
| Sale Conditions | Bulk/Portfolio Sale |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 121.54 AC |
1 Lot Available
Lot
| Price | $4,071,590 | Lot Size | 121.54 AC |
| Price Per AC | $33,500 |
| Price | $4,071,590 |
| Price Per AC | $33,500 |
| Lot Size | 121.54 AC |
Just south of I-40 and on the east side of Chester St
Description
Seller will subdivide. Offered at $33,500 an acre. Current sewer installation in progress. This is one of the largest development tracts left in Arlington. Located right off I-40 for prime location and convenience to everything and Memphis. Currently in the TN Greenbelt tax savings program and can be developed in smaller pieces to maximize return. All public utilities available and merchantable timber.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $876,420 | |
| Land Assessment | $1,054,395 | Total Assessment | $1,930,815 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,054,395
Improvements Assessment
$876,420
Total Assessment
$1,930,815
zoning
| Zoning Code | AG (Agricultural zoning to be rezoned residential) |
| AG (Agricultural zoning to be rezoned residential) |
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