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    5550 Hwy Millington, TN 38053

    For Sale
    Contact for pricing

    7.6 Acres, Highway 51 Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 7.6-acre commercial land parcel presents a remarkable investment opportunity in Millington, Tennessee. Strategically located on Highway 51, near the northeast corner of Highway 51 and Fite Road, this property boasts high visibility and accessibility. The site is zoned for commercial use, offering flexibility for a variety of development projects. With a substantial lot size, the land is divisible, allowing for tailored development to meet specific needs. The property's prime location benefits from significant traffic volume, with Highway 51 reporting an average annual daily traffic count of 28,111 vehicles. This high traffic count ensures excellent exposure for any commercial venture established on the site. Furthermore, the land's adjacency to a planned convenience store further enhances its desirability and potential for increased foot traffic and customer base. This presents a unique chance to capitalize on the growth and development occurring in this thriving area of Shelby County. The property's commercial zoning and ample space make it ideal for a wide range of commercial uses, from retail establishments to light industrial facilities. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is located at 5550 Highway 51, Millington, TN 38053.

    Property Features for 5550 Hwy

    General Information

    Property type
    Land
    Lot Size
    331,056 SF

    HighLights

    • 7.6‑acre commercial land parcel in Millington, TN, adjacent to a future convenience store.
    • Zoned for commercial use.
    • Divisible lot.
    • High traffic count: 28,111 AADT on Highway 51.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Millington
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9803368
    Latitude
    35.2737913

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    FAQs

    What type of property is this?
    Land - 7.6 Acres, Highway 51 Frontage
    Where is this land located?
    The property is located at 5550 Hwy Millington, TN.
    What are key features of this property?
    This property features: 7.6-acre commercial land parcel in Millington, TN, adjacent to a future convenience store.; Zoned for commercial use.; Divisible lot.
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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
    5550 Hwy Millington, TN 38053
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