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    9040 Hwy Hwy Millington, TN 38053

    For Sale
    $2,000,000

    High-sales flooring business, 8000 sq ft building

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional commercial property, located at 9040 US Hwy 51 in Millington, Tennessee, presents a unique investment opportunity. The 4-acre lot boasts an 8,000 square foot building currently occupied by a thriving flooring business, Millington Floor Covering (MFC). MFC, established for over 40 years, is being offered for sale complete with inventory, equipment, and furnishings. The owner is retiring, presenting a turnkey acquisition for a new business owner. The property's strong financial performance is evident in its 2023 gross sales exceeding $1.5 million. The building itself comprises a spacious 3,500 square foot showroom, ideal for showcasing products, and a 4,500 square foot warehouse area for storage and operations. Convenient 14-foot dock doors facilitate efficient loading and unloading. The substantial lot size offers significant potential for future development and expansion. The property's location on US Highway 51 ensures high visibility and accessibility, making it an attractive proposition for a variety of commercial ventures. The lot is also divisible, allowing for the creation of additional commercial spaces, further enhancing its investment potential. This is a rare opportunity to acquire a profitable, established business with significant real estate value in a prime Millington location. The asking price is $2,000,000.

    Property Features for 9040 Hwy Hwy

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    2003
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Millington
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.87617
    Latitude
    35.37368

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    FAQs

    What type of property is this?
    Commercial real estate - High-sales flooring business, 8000 sq ft building
    Where is this commercial real estate located?
    The property is located at 9040 Hwy Hwy Millington, TN.
    What is the asking price?
    The asking price for this property is $2,000,000.
    (901) 873-3312
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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

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    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
    9040 Hwy Hwy Millington, TN 38053
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