0 Chester St Arlington, TN 38002

Exceptional 121.54-acre residential development tract in Arlington, Tennessee, offered at $33,500 per acre. This represents one of the largest remaining development parcels in the area, ideally situated off Interstate 40, providing convenient access to Memphis and all its amenities. The property is currently enrolled in the Tennessee Greenbelt program, offering significant tax advantages. All public utilities are readily available, and the land includes merchantable timber. Current sewer installation is underway, streamlining the development process. Seller will subdivide the land, making it suitable for various residential projects. The property's location near I-40 ensures prime accessibility and visibility. Up to an additional 289.2 adjoining acres are potentially available for development, expanding the overall project scope. All necessary due diligence has already been completed, facilitating a swift and efficient project commencement. The Shelby County parcel, identified by APN A0152 00067, is zoned for residential use (Res). This presents a unique opportunity for large-scale residential development in a booming market. The asking price for this significant tract is $4,071,590.