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- LoopNet Team
5310 Summer Avenue
Memphis, TN 38122
Land For Sale
·
31.41 AC
INVESTMENT HIGHLIGHTS
- This 31.41-acre site includes a large 22-acre portion fully paved.
- There is an existing 10,000-square-foot three-bed/ one-bath single family residence on-site with a kitchen.
- Centrally located with easy access to Interstates 40 and 240.
- The site's central location allows you to get anywhere else in Memphis within 20 minutes.
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 31.41 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Proposed Use | Commercial | Year Built | 1966 |
| Zoning | C - Commercial | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 31.41 AC |
| No. Stories | 1 |
| Year Built | 1966 |
| Zoning | C - Commercial |
DESCRIPTION
This drive-in theater property sits on 31.41 acres, with approximately 22 acres currently paved. The property is conveniently located in the geographic center of Shelby County, at the crossroads of Interstate 40 (162,239 AADT) and Interstate 240 (178,404 AADT), providing easy access to either interstate and making it possible to get nearly anywhere in Memphis or the surrounding suburbs in 20 minutes or less. Zoned CMU-3 allows for most residential, commercial, and industrial uses. The property includes an approximately 10,000-square-foot two-story facility with a commercial kitchen and high-capacity restrooms on the first floor and a three-bed/ one-bath apartment on the second floor.
PROPERTY TAXES
| Parcel Number | 06-3071-0-0012 | Improvements Assessment | $207,120 |
| Land Assessment | $206,800 | Total Assessment | $413,920 |
PROPERTY TAXES
