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    Us-51 Millington, TN 38053

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    For Sale
    Contact for pricing

    Prime Commercial Land, Hwy 51 Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7.31-acre commercial land parcel in Millington, Tennessee, presents a compelling investment opportunity. Boasting 441 feet of frontage on US Highway 51, a major thoroughfare with a daily traffic count exceeding 20,000 vehicles, this property ensures unparalleled visibility and accessibility. Its strategic location is further enhanced by its proximity—less than a mile—to Interstate 385, carrying over 14,000 vehicles daily. Zoned B-2, the land is ideally suited for a variety of commercial developments. The property benefits from its close proximity to the USA Baseball Stadium Complex, a local landmark attracting significant foot traffic and attention. The surrounding area demonstrates strong demographics, with nearly 2,000 residents within a one-mile radius and over 12,000 within a five-mile radius. Average household incomes in the area range from $64,262 to $83,064, suggesting a robust and potentially lucrative market for retail or service-based businesses. The property's size, location, zoning, and favorable demographic profile make it a highly attractive investment in a thriving area of Shelby County. The Assessor's Parcel Numbers are M0115 00972 & M0115 00973. This is a rare opportunity to acquire a significant commercial land holding in a rapidly growing market.

    Property Features for 0 Us-51

    General Information

    Property type
    Land
    Lot Size
    318,424 SF

    HighLights

    • 441± feet of Hwy 51 frontage.
    • Less than one mile to I‑385.
    • Near the USA Baseball Stadium Complex.
    • B‑2 Zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Millington
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9093998
    Latitude
    35.3419877

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, Hwy 51 Frontage
    Where is this land located?
    The property is located at Us-51 Millington, TN.
    What are key features of this property?
    This property features: 441± feet of Hwy 51 frontage.; Less than one mile to I-385.; Near the USA Baseball Stadium Complex.
    (901) 683-0808
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    Us-51 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
    Us-51 Millington, TN 38053
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