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Property profile & analytics
OFF-MARKET
Land

0 Veterans Pkwy Millington, TN 38053

203 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Lot 203 ac (8,842,680 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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