Mayhill Rd, Stanton, TN 38069

28.85 Acres of Commercial Land Offered at $6,480,000 USD in Stanton, TN 38069

Asking Price $6,480,000

Property Type: Land

Listing Contacts

David Curran

Verified Profile

Property Info

Property Overview

The property is located in Stanton, TN which is a 49-mile drive from downtown Memphis which is the largest nearby city. The site is rectangular in shape and considered flat for development. The sewer and water are located adjacent and near to the site. This is the only vacant, developable multifamily tract that has these services readily available within approximately a 10-mile radius around the town of Stanton.

Property Details

Property Subtype: Commercial

Highlights

Sewer service is contiguous to the tract – 480 taps have been secured with the Town through a Will Serve Letter
Water, gas and electric utilities are adjacent to the site
A full depth reclamation rebuild of SR 179 along the west side of the tract from SH 70 to Exit 47 on I-40 was completed in August 2024
Site is generally level with slight slope to the east for future detention

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