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    4900 Cuba-Millington Rd Millington, TN 38053

    For Sale
    $340,000

    High-potential commercial lot with existing tenant.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional commercial property, located at 4900 CUBA-MILLINGTON Rd, Millington, TN, presents a compelling investment opportunity. Priced at $340,000, the property's primary value lies in its significant land potential, despite the presence of a currently rented building. The lot itself is zoned O - Office/Commercial, allowing for a diverse range of uses. Permitted businesses include retail trade, food and beverage establishments, pharmacies, financial institutions, insurance agencies, real estate services, personal services, and various business services. Detailed zoning information can be found in Millington Code 14-704. This versatile zoning makes the property suitable for a variety of commercial ventures, offering significant potential for future development and increased rental income. The existing tenant provides immediate cash flow, making this a strong investment with both short-term and long-term growth prospects. The property's location in Millington, TN, offers easy access to key transportation routes and a growing local market. Serious inquiries are encouraged to explore the full potential of this promising commercial investment. The property is offered as-is.

    Property Features for 4900 Cuba-Millington Rd

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1973
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Millington
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.89986
    Latitude
    35.35054

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    FAQs

    What type of property is this?
    Commercial real estate - High-potential commercial lot with existing tenant.
    Where is this commercial real estate located?
    The property is located at 4900 Cuba-Millington Rd Millington, TN.
    What is the asking price?
    The asking price for this property is $340,000.
    (901) 873-3312
    Request Owner's contact information
    4900 Cuba-Millington Rd Millington, TN 38053
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4900 Cuba-Millington Rd Millington, TN 38053
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