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    @ I-840 Veterans Pkwy Millington, TN 38053

    For Sale
    Contact for pricing

    Prime Commercial Land Near Vanderbilt Hospital

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional commercial land parcel, identified as West Lawn, presents a unique investment opportunity in Millington, Tennessee. Located at the intersection of Veterans Parkway and I-840, this property boasts excellent visibility and accessibility. The lot size ranges from 1.4 to 3.04 acres, providing ample space for a variety of commercial developments. The property is zoned for commercial, retail, medical, and office uses, offering considerable flexibility for potential buyers. A key advantage is its proximity to major healthcare facilities. It's situated adjacent to the future Vanderbilt Hospital and directly across from St. Thomas Neighborhood Hospital, along with other established medical facilities including a Publix and Murfreesboro Medical Clinic. This strategic location ensures high traffic volume and a strong potential customer base. The property benefits from easy access to I-840, providing convenient transportation links throughout the region. All essential utilities are readily available, simplifying the development process. This prime location, combined with its versatile zoning and proximity to healthcare, makes West Lawn an attractive proposition for investors seeking a high-growth area in Shelby County. The property is currently for sale and offers a compelling opportunity to capitalize on the burgeoning medical and commercial sectors in Millington.

    Property Features for @ I-840 Veterans Pkwy

    General Information

    Property type
    Land
    Lot Size
    60,984 SF

    HighLights

    • Zoned for commercial, retail, medical, and office uses.
    • Adjacent to future Vanderbilt Hospital.
    • Across from St. Thomas Neighborhood Hospital, Publix, and Murfreesboro Medical Clinic.
    • Excellent I‑840 access.
    • All utilities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Millington
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8841056
    Latitude
    35.3467912

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land Near Vanderbilt Hospital
    Where is this land located?
    The property is located at @ I-840 Veterans Pkwy Millington, TN.
    What are key features of this property?
    This property features: Zoned for commercial, retail, medical, and office uses.; Adjacent to future Vanderbilt Hospital.; Across from St. Thomas Neighborhood Hospital, Publix, and Murfreesboro Medical Clinic.
    (615) 234-5020
    Request Owner's contact information
    @ I-840 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

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    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
    @ I-840 Veterans Pkwy Millington, TN 38053
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