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    Veterans Pkwy Millington, TN 38053

    Sponsored
    For Sale
    Contact for pricing

    203 acres, prime industrial location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 203-acre commercial land parcel presents a unique investment opportunity in Millington, Tennessee. Strategically located on Veterans Parkway, just east of US Highway 51, this flat topography site offers unparalleled access to major transportation arteries. Proximity to Highway 385/Interstate 269 ensures seamless connectivity for logistics and distribution. The property is zoned MP - Planned Industrial, making it ideal for a wide range of industrial developments. Further enhancing its appeal, this site is situated within a Certified Opportunity Zone, providing significant tax advantages for investors. Utilities are readily available, including 3-phase, 12kV primary overhead electrical service, and a 6-inch high-density main water line (61-99 PSIG) within 1,500 feet west of the property. Foreign Trade Zone benefits are accessible through an expedited ASF process. The combined city and county tax rate is $5.66 per $100 of assessed value ($1.53 city, $4.13 county). This substantial land holding offers exceptional potential for large-scale industrial projects, capitalizing on its prime location and advantageous zoning. The asking price is $18,000 per acre.

    Property Features for 0 Veterans Pkwy

    General Information

    Property type
    Land
    Lot Size
    8,842,680 SF

    HighLights

    • 203‑acre site.
    • Located in a Qualified Opportunity Zone.
    • $18,000 per acre asking price.
    • MP‑Planned Industrial zoning.
    • Flat topography.
    • ~1 mile to Highway 385/Interstate 269.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Millington
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8841056
    Latitude
    35.3467912

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    FAQs

    What type of property is this?
    Land - 203 acres, prime industrial location.
    Where is this land located?
    The property is located at Veterans Pkwy Millington, TN.
    What are key features of this property?
    This property features: 203-acre site.; Located in a Qualified Opportunity Zone.; $18,000 per acre asking price.
    (901) 334-5708
    Request Owner's contact information
    Veterans Pkwy 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
    Veterans Pkwy Millington, TN 38053
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