Property Details

48.3-Acres of Heavy Industrial Land Next to Mississippi River

KLINKE AVE - MEMPHIS, TN 38127

Lucky Dog Price: $549,000

Market Value: $1,059,000

Savings of 48%!!

Acreage Zoning Flood Zone Utilities Survey Perc Test Access
48.3 Acres IH - Heavy Industrial, includes Commercial Partial - Zone AE Electric: City Available
Water: City Available
Sewer:City Available
No No Paved Road

This is a 48.3-acre property with Heavy Industrial zoning, which also includes most commercial opportunities. The IH district is intended to accommodate high-impact manufacturing, industrial or other uses. Permitted uses for Heavy Industrial zoning include mini-storage, vehicle repair or sales center, lumberyard, taxicab dispatch station, wind or solar farm, funeral services, bar/nightclub, shooting range, office space, equestrian center, commercial parking, restaurant, convenience store, gas station, tractor-trailer fueling, welding shop, and waste/sanitation-related.

City electric, water, and sewer are available. This is in flood zone AE. No survey and plat map available. There has been no percolation test. There is paved road access to the property. An EPA Phase 1 Environmental Site Assessment may be required to close given its current zoning and location. Buyer to cover the cost.

Site Address: KLINKE AVE, MEMPHIS, TN, 38127

County / State: Shelby, TN

Parcel Number: 06-9074-0-0020

Parcel Size: 48.3 Acres

Parcel Area: 2,103,948 Sq. Ft.

Approximate Lot Dimensions: 1,350 x 1,230 x 800 x 2,380 (irregular shape)

Zoning: IH - Heavy Industrial

Dwellings Allowed to be Built: No residential dwellings allowed

Allowed Uses: Warehouses, Heavy Industrial Commercial buildings

Flood Zone: Zone AE (Via FEMA)

Electric: City Available

Water: City Available

Sewer: City Available

Survey/Plat Map: Not available

Percolation Test: Not available

Property Access: Paved road

Legal Description: SS KLINFE AVE (CLOSED) 2359.41SF W OF HARVESTER LN

Subdivision: MARSH ETC

Center GPS Coordinates: 35.20723011890159, -90.05291048876295

RV Parking / Living Allowed: Not allowed

Mobile Homes Allowed: Not allowed

Farming Allowed: Not allowed

Livestock Allowed: Not allowed

Annual Taxes: $213.90 (2021)

HOA Fees / Name of HOA: n/a

Elevation: 229.7 ft.

Buyers Agent Commission Offered: 3%

Title Provided: Warranty Deed w/ Title Insurance

Optional Seller Financing with down payment of $339,500. No credit check. Property sold at retail market value $1,059,000, if seller-financed. Payments start as low as $7,125 for 360 months. Other payment options are 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.


Directions
From US-51 N/Thomas St toward Millington. Turn West onto Whitney Ave. Head west on Whitney Ave toward Thomas St. Turn right onto Harvester Ln. Turn left onto Klinke Ave.

Terms and Conditions

Seller financing options require a $9.95/mo note service fee. Seller financing is only available with a full asking price offer. Any down payment or funds received are NON-REFUNDABLE. We are a national real estate investment company and in most cases we have not viewed the property in person. All of the information for this property that we are aware of has been disclosed within the listing details on our website. Please direct any additional questions regarding this property to the associated city/county governmental agency. Buyer is responsible for performing their own due diligence to verify all information is accurate and to be sure the property fits their needs. This property may still be in the process of closing with the previous owner and the deed will be transferred into our name shortly. In the meantime, this property is being pre-marketed with the permission of the previous owner. This property is guaranteed to be sold with a Warranty Deed and full title insurance.

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