Millington Development Opportunity Zone
For Sale
Contact for pricing
8961 TN-3, Millington, TN 38053
20 acres of commercial land in an Opportunity Zone.
Property SizeContact for details
Lot Size20.00 Acres
Days on Market784
Property Features for 8961 TN-3
General Information
Standard status
Active
Lot size
20.00 Acres
Property subtype
Land
Listing Agency:
Crye-Leike Commercial Memphis
Listed By:
Mack Browder · License #250167
Source:
Crexi
Added: Jul 11, 2024
Changed: Aug 8
Last Checked: Aug 30 at 10:13PM
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 20-acre commercial land parcel is located on the west side of US Hwy 51, across from the Hampton Inn and Homer Skelton Ford, and just north of the Forked River Commons retail center. The retail center features tenants such as TJ Maxx, Hobby Lobby, Aldi’s, Dollar Tree, Mattress Firm, LongHorn SteakHouse, Chicken Salad Chick, and Campbell Clinic (orthopedics). Situated in an Opportunity Zone, the site is positioned within the developing area of Millington, which is experiencing considerable commercial and residential growth. Sewer access is available on the east side of Hwy 51. The property can be divided, with pricing dependent on the size and location of the selected parcel within the site. Additionally, it can be combined with the bordering 16 acres to create a 36-acre parcel.
Key Highlights
- 20‑acre development opportunity in an Opportunity Zone
- Located on US Hwy 51, across from Hampton Inn and Homer Skelton Ford
- Situated near Forked River Commons retail center (TJ Maxx, Hobby Lobby, Aldi’s, etc.)
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
13
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - 20 acres of commercial land in an Opportunity Zone.
Where is this commercial land located?
The property is located at 8961 TN-3 Millington, TN.
What is the asking price?
The asking price for this property is $1,785,090.
What are key features of this property?
This property features: 20‑acre development opportunity in an Opportunity Zone; Located on US Hwy 51, across from Hampton Inn and Homer Skelton Ford; Situated near Forked River Commons retail center (TJ Maxx, Hobby Lobby, Aldi’s, etc.)
