Hacks Cross Land

4959 Hacks Cross Road Memphis, TN 38125

4959 Hacks Cross Road, Memphis, TN, 38125
4959 Hacks Cross Road, Memphis, TN, 38125
FOR SALE
Property Type:
Commercial Land Development
Amount:
$199,000
Last Verified:
Feb 21, 2020

Highlights

  • 11.68 Acres
  • Currently Zoned Residential
  • Seller Rezoning Available
  • Cell Tower Easement in Place
  • Potential Development Site
  • Priced Below Market
  • 27,500 VPD (TDOT 2017)
  • Asking Price: $199,000.00

Description

Priced below market, 11.68 acres of land for sale. Currently zoned Residential but seller rezoning is available.

Hacks Cross Road between Shelby Drive and Holmes Road.

Lot Size: 11.68 acres

Map of 4959 Hacks Cross Road, Memphis, TN, 38125

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.