Chester St, Arlington, TN 38002

Property Details for 0 Chester St

Lot size

289.20 lot acres

Property type

Land

Property subtype

Farms

Description

This exceptional 289.2-acre property presents a remarkable investment opportunity in Arlington, Tennessee. Comprised of three contiguous tracts, this land is ideally suited for large-scale residential development, offering significant potential for substantial returns. Located conveniently near Interstate 40, this site enjoys unparalleled access to both Arlington and Memphis, placing it within easy reach of a thriving regional economy. The property's strategic location is further enhanced by its proximity to the new Ford EV plant in Stanton, Tennessee, projected to employ 6,000 individuals and their families, fueling significant housing demand. Arlington's robust growth is evident in recent developments, including a new VA Hospital, Baptist ER Center, Kroger, two Marriott hotels, and numerous planned restaurants, hotels, banks, and medical facilities. Extensive due diligence and studies have already been completed, streamlining the development process. The city of Arlington has proactively addressed infrastructure needs, initiating the extension of sewer lines across the property, resulting in substantial cost savings for future development. The seller is willing to subdivide the land to accommodate various development plans. The property is zoned for residential use and boasts an A-rated school district, making it an attractive location for families. This is a truly exceptional opportunity to capitalize on the explosive growth in the Arlington area. The asking price is $9,688,200, with a price per acre of $33,500. Parcel numbers are A0142 00433, A0152 00066, and A0152 00067.

Location Insight

City

Arlington

County

Shelby

State

Tennessee

Longitude

-89.6484

Latitude

35.2662