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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