WHAT IS A BUYER'S PREMIUM?
Posted on 10/06/2019
Auction / Development Land | 68.5+/- Acres | Southeast Memphis
ADJACENT TO TOPGOLF | JUST OFF TN-385 | NEAR GERMANTOWN
PROPERTY HIGHLIGHTS
Immediately adjacent to Topgolf Memphis in southeast Memphis, near the Germantown city limits.
Just off TN-385 (Bill Morris Parkway), with convenient access to South Germantown Road, Winchester Road and the greater Memphis transportation network.
68.5± gross acres of undeveloped land across three development areas; previous planning shows approximately 65.41 acres after proposed right-of-way dedications.
Located within the Polo Grounds North Planned Development, with documented provisions for single-family homes, townhomes, duplexes and multifamily residential uses in designated areas, subject to applicable requirements.
Surrounded by established residential neighborhoods, retail, dining, entertainment and commercial developments.
Previous conceptual master planning illustrates approximately 611 residential units, including apartments, townhomes and single-family homes.
A mix of open land, wooded areas and existing water features provides varied terrain for future site planning.
Previously prepared due diligence materials include a survey, zoning information, environmental and wetlands reports, traffic study and development planning documents.
PROPERTY OVERVIEW
An opportunity to acquire a substantial undeveloped landholding in a well-established southeast Memphis corridor. Adjacent to Topgolf and near Germantown, the property combines notable regional access with existing planned development provisions and prior site planning for residential uses.
Development concepts are illustrative only and are not represented as approved plans. Acreage, permitted uses, approvals, infrastructure and all other property information are subject to independent buyer verification.
Property Address:7585 Callis Cut Off Road, Memphis, TN 38119
Online Bidding Ends December 17th at 2:00pm CT at www.tranzon.com/atlas26127
In Cooperation with Commercial Advisors, Dave Curran and Carson Claybrook
Tranzon Asset Advisors, Tim Mast, TN Broker and Auctioneer #5252
10% Buyer's Premium and other terms apply.
For more information, please contact Wyatt Mast at 731-610-2256 or wmast@tranzon.com
