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    8820 Us-51 Millington, TN 38053

    For Sale
    $500,000

    1.36 Acres, B-2 Zoning, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1.36-acre industrial land parcel in Millington, Tennessee, presents a remarkable opportunity for development. Located at 8820 US-51, this property boasts a highly desirable B-2 General Commercial District zoning, allowing for a wide range of commercial uses. Its strategic location offers unparalleled visibility and accessibility, situated between Pig-n-whistle BBQ and Wyatt Earp's Restaurant, and directly adjacent to the Hampton Inn & Suites Millington. The site benefits from excellent width and depth, providing ample space for construction. This prime location offers convenient access to Millington Memphis Airport, catering to Northwest and Southwest travelers. Furthermore, the property enjoys proximity to major retailers such as Walmart, Kroger, Lowe's, and Save a Lot, as well as established hotel chains including Holiday Inn and Wyndham, all situated along US-51 South. This presents an ideal owner-user opportunity to build a new project in a thriving commercial corridor. The asking price for this exceptional property is $500,000. The property is located in Shelby County, Tennessee, zip code 38053.

    Property Features for 8820 Us-51

    General Information

    Property type
    Land
    Lot Size
    59,242 SF

    HighLights

    • 1.36‑acre industrial land parcel in Millington, TN, zoned B‑2 General Commercial.
    • Located at 8820 US‑51 with high visibility and accessibility, near major restaurants and hotels.
    • Excellent site dimensions for ample construction space.
    • Convenient access to Millington Memphis Airport and major retailers (Walmart, Kroger, Lowe's, Save‑a‑Lot) along US‑51 South.
    • $500,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Millington
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.885854
    Latitude
    35.366861

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    FAQs

    What type of property is this?
    Land - 1.36 Acres, B-2 Zoning, High Visibility
    Where is this land located?
    The property is located at 8820 Us-51 Millington, TN.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: 1.36-acre industrial land parcel in Millington, TN, zoned B-2 General Commercial.; Located at 8820 US-51 with high visibility and accessibility, near major restaurants and hotels.; Excellent site dimensions for ample construction space.
    Request Owner's contact information
    8820 Us-51 Millington, TN 38053
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    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
    8820 Us-51 Millington, TN 38053
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