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    Us Highway 51 Millington, TN 38053

    For Sale
    Contact for pricing

    3.966 Acres Hwy 51, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 3.966-acre commercial land parcel is ideally situated on North US Highway 51 in Millington, Tennessee, offering unparalleled visibility and accessibility. Boasting over 206 feet of highway frontage, this B-2 zoned property benefits from high daily traffic counts exceeding 20,563 vehicles. Its prime location places it in close proximity to major retail establishments, including a Walmart, Tractor Supply, Lenny's Sub Shop, Little Caesar's, and Sherwin Williams, ensuring high consumer traffic and brand recognition. The property's strategic position within a key development corridor promises significant long-term value appreciation. Comprised of three parcels (APN: M0115R A00001, M0115R A00003, and M0115R A00006), this land offers flexibility for individual or combined development, making it an attractive investment opportunity for businesses seeking to establish a presence in a thriving market. Direct access from US-51 is available for each parcel. The Shelby County location and 38053 zip code further enhance its appeal. This property presents a rare chance to acquire a highly visible and strategically located commercial land asset in a rapidly growing area.

    Property Features for 0 Us Highway 51

    General Information

    Property type
    Land
    Lot Size
    172,759 SF

    HighLights

    • 3.966‑acre parcel for sale on Hwy 51 in Millington.
    • 206± feet of Hwy 51 frontage.
    • Excellent location near Walmart.
    • B‑2 zoning.
    • Situated near a major development corridor.
    • US‑51 access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Millington
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.898003652786
    Latitude
    35.352788798523

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    FAQs

    What type of property is this?
    Land - 3.966 Acres Hwy 51, High Traffic
    Where is this land located?
    The property is located at Us Highway 51 Millington, TN.
    What are key features of this property?
    This property features: 3.966-acre parcel for sale on Hwy 51 in Millington.; 206± feet of Hwy 51 frontage.; Excellent location near Walmart.
    (901) 683-0808
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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
    Us Highway 51 Millington, TN 38053
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