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Highway 31
Memphis, TN 38109

HIGHWAY 61 - MEMPHIS, TN 38109 - 12.3 Acres · Land For Sale · 12.30 AC

Investment Highlights

  • 1,000-ft of Road Frontage on Highway-61
  • All City Utilities
  • Zoned Commercial (CMU-3) with Many Other Uses

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Multifamily
  • Bar
  • Daycare Center
  • Industrial Live or Work Unit
  • Office Park
  • Restaurant
  • Retail Warehouse
  • Self Storage
  • Single Family Development
  • Storefront, Retail or Office
  • Single Family Residence
Total Lot Size 12.30 AC

Description

Site Address: HIGHWAY 61 - MEMPHIS, TN 38109 GPS Directions: This is NOT the address of the property, but a neighboring lot and should only be used for directional purpose and general area location. Property is across the street from the Dollar General store located at “4645 S 3RD ST MEMPHIS, TN 38109-5633”. You can enter this address to get to the general area of the property. This address/property is not related to this listing in any way. Please do not disturb any neighbors. County / State: Shelby County, Tennessee Parcel Number: 075154 00022 Parcel Size - Acres: 12.3 Acres Parcel Size - Square Feet: 535,788 Sq. Ft. Legal Description ES HWY 61 Subdivision: ACKLENA LAND CO Center GPS Coordinates: 35.023315016199646, -90.0838173490507 Zoning: U3 (Commercial Mixed Use 3) Allowed Use: Single-Family Dwelling Electric: City Available (Memphis Light, Gas and Water: 901-544-6549) Water: City Available (Memphis Light, Gas and Water: 901-544-6549) Sewer: City Available (Memphis Light, Gas and Water: 901-544-6549) Flood Zone: Not in a flood zone area Percolation Test: Not available Survey: Not available Plat Map: Not available Terrain: Level Property Access: Paved road / highway RV Parking / Living Allowed: Need to have a special use permit first Mobile Homes Allowed: Not allowed Annual Taxes: $478.69 (2021) HOA Fees / Name of HOA: n/a Elevation: 292.0 ft. Elementary School: A. B. Hill Elementary School: 901-416-7844 Middle School: A. Maco Walker Middle School: 901-416-1030 High School: Westwood High School: 901-416-8000 Buyers Agent Commission Offered: 3% Title Provided: Warranty Deed w/ Title Insurance Optional Seller Financing with down payment of $95,000. No credit check. Property sold at retail market value $296,300, if seller financed. Payments start as low as $1,993 for 360 months. Other payment options available. No pre-payment penalty. Notes are held at 11.5% annual interest. Seller financing options require a $9.95/mo. note service fee. A one-time $299 document fee applies to all cash and financing sales. GPS Directions: This is NOT the address of the property, but a neighboring lot and should only be used for directional purpose and general area location. Property is across the street from the Dollar General store located at “4645 S 3RD ST MEMPHIS, TN 38109-5633”. You can enter this address to get to the general area of the property. This address/property is not related to this listing in any way. Please do not disturb any neighbors.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-5154-0-0022
Land Assessment
$13,875
Improvements Assessment
$0
Total Assessment
$13,875

zoning

Zoning Code CMU-3
CMU-3
  • Listing ID: 24811878

  • Date on Market: 1/11/2022

  • Last Updated:

  • Address: Highway 31, Memphis, TN 38109

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