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- LoopNet Team
Highway 61
Memphis, TN 38109
HIGHWAY 61 - MEMPHIS, TN 38109 (TN-SHELBY COU · Land For Sale
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7.10 AC
Investment Highlights
- Road Frontage of 380-ft on Busy Highway-61
- Undeveloped land in the heart of Memphis
- Zoned for Many Uses, Including Multi-Family, Commercial and Retail
Property Facts
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. Enter "4645 S 3RD ST MEMPHIS, TN 38109-5633". 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: 07-5155-0-0006 Parcel Size - Acres: 7.1 Acres Parcel Size - Square Feet: 309,276 Sq. Ft. Lot Dimensions (approximate): 367 x 331 ft.(IRR) Legal Description: n/a Subdivision: Richardson Center GPS Coordinates: 35.02249516396926, -90.08776127801757 Zoning: Split Zoning: Commercial (CMU3-Commercial Mixed Use 3) and Residential (R8-Residential Single-Family 8) 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 the flood zone area Percolation Test: No Survey: No Plat Map: No Terrain: Level Property Access: Paved road frontage along Highway-61 RV Parking / Living Allowed: No Mobile Homes Allowed: No Annual Taxes: $260.48 (2021) HOA Fees / Name of HOA: n/a Elevation: 269.0 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 $85,000. No credit check. Property sold at retail market value ($171,000), if seller financed. Payments start as low as $852 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.
Property Taxes
| Parcel Number | 07-5155-0-0006 | Improvements Assessment | $0 |
| Land Assessment | $12,775 | Total Assessment | $12,775 |
Property Taxes
