• Home
  • Mitchell Farm

Mitchell Farm

$600,000 for sale
  • Acreage: 133 Acres
  • Type: Cropland

Description

Description:
The Mitchell Trust Farm 133 acres of total land and 117.55 acres of cropland.  The farm is bisected by several drainage ditches and has ¼-mile of road frontage on Bethuel road and ¾-mile frontage on College Center Road.   There is an easement for an electric transmission line along the Center College frontage which will be installed in the near future.    The cropland leases have been leased for many years to the Sneed Brothers on a 25% net crop share basis.   The current lease expires on 12/31/18

Location:
The property is located at the corner of the Bethuel Road and Center College Road in northern Shelby County east of the Naval Support Center.  It is short 20-minute drive from Memphis and is very well located.  Location and access are excellent.

Price:
$600,000 or $4,511 per acre.

Taxes:
$2,050.26

Bases:
Generic 129.8 acres
Corn 2.05 acres
Soybeans 6.15 acres

Showing:           
By appointment only.  For appointment please contact.
Gwin, Stephen or Shelby
Rainer Realty Company and Rutledge Investment Company                          
5160 Sanderlin Avenue Suite One
Memphis, Tennessee 38117
901-766-9041

View on map/Neighborhood