Prime Land on US Hwy
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7608 US-51, Millington, TN 38053
3-acre site in Opportunity Zone near sports facilities.
Lot Size3.00 Acres
Days on Market753
Property Features for 7608 US-51
General Information
Standard status
Active
Lot size
3.00 Acres
Property subtype
Land
Listing Agency:
Crye-Leike Commercial Memphis
Listed By:
Mack Browder · License #250167
Source:
Crexi
Added: Jul 11, 2024
Changed: Jul 6
Last Checked: Aug 2 at 12:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Crye-Leike Commercial Memphis
Investment Insights
Based on property information with market context.
This 3-acre site features frontage on US Highway 51, situated at the northeast corner of US Highway 51 and Paul Barrett Parkway, also known as Tennessee Highway 385 and the future Interstate 269. Located in an Opportunity Zone, the property offers potential tax benefits. The site is positioned on the north side of Armitage Drive, a cul-de-sac leading to youth soccer fields currently under development. Some fill will be required for the site. Potential uses for the property include lodging, retail, and medical facilities. The property is located within half a mile of the USA Stadium complex, which includes 6 lighted baseball fields and extensive training facilities for youth baseball. The stadium complex attracts numerous teams for week-long competitions and training events for 9 months of the year. The completion of the youth soccer fields is expected to draw additional visitors to the immediate area. Currently, the demand for lodging exceeds the available supply.
Key Highlights
- Frontage on US Hwy 51 at Paul Barrett Parkway (TN Hwy 385/future I‑269)
- Located in an Opportunity Zone offering potential tax benefits
- Proximity to USA Stadium complex, drawing numerous visitors for 9 months of the year
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
Explore this area
Business Placement
Demographics for 38053, TN
26,839
Population
10,674
Households
2.5
Avg Household Size
42
Median Age
21%
College-Educated
88%
High-School Grad
162.4 sq mi
ZIP Area
165
Density / Sq Mi
$58,548
Median Household Income
$41,429
Median Earnings
$1,105
Median Rent
$195,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 3-acre site in Opportunity Zone near sports facilities.
Where is this commercial land located?
The property is located at 7608 US-51 Millington, TN.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Frontage on US Hwy 51 at Paul Barrett Parkway (TN Hwy 385/future I‑269); Located in an Opportunity Zone offering potential tax benefits; Proximity to USA Stadium complex, drawing numerous visitors for 9 months of the year
