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    Navy Rd Millington, TN 38053

    Sponsored
    For Lease
    Contact for pricing

    Prime Millington Retail Opportunity: 30,000 SF New Development

    Lot size:
    30,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Astoria Square presents a unique opportunity for a single-tenant retail user in the thriving Millington, Tennessee market. This proposed new development boasts a total of 30,000 square feet of brand-new, vacant space, ready for immediate occupancy. Located on the south side of Navy Road, just east of Veterans Parkway, this property offers exceptional visibility and accessibility. The building's design is adaptable to a wide range of retail uses, providing ample space for a flagship store, warehouse, or other large-scale retail operation. The strategic location in Shelby County, Tennessee, provides easy access to a significant consumer base and benefits from strong regional traffic patterns. With its convenient access to major roadways and a vibrant community, Astoria Square is poised to become a prominent retail destination. The 30,000 square foot building presents a blank canvas for a business seeking to establish a substantial presence in the Millington area. The property's address is Navy Road, Millington, TN 38053. This is a rare opportunity to secure a substantial retail space in a rapidly growing market. Contact us today to learn more about this exceptional property and to discuss your business needs.

    Property Features for 0 Navy Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,000 SF

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    30,000 SF

    HighLights

    • Mixed‑use development with apartments, townhomes, hotel, existing YMCA, retail, and office space.
    • Strategic location near Millington Regional Airport and Naval Support Activity Mid‑South, employing over 7,500.
    • 30,000 SF of ground floor retail space available for lease.
    • Hotel outparcel available for sale.
    • Retail outparcels available for sale, ground lease, or build‑to‑suit.
    • Excellent opportunity for restaurants, entertainment, specialty retail, and office users.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Millington
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8691738
    Latitude
    35.3397813

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    FAQs

    What type of property is this?
    Retail property - Prime Millington Retail Opportunity: 30,000 SF New Development
    Where is this retail property located?
    The property is located at Navy Rd Millington, TN.
    What are key features of this property?
    This property features: Mixed-use development with apartments, townhomes, hotel, existing YMCA, retail, and office space.; Strategic location near Millington Regional Airport and Naval Support Activity Mid-South, employing over 7,500.; 30,000 SF of ground floor retail space available for lease.
    Request Owner's contact information
    Navy Rd 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
    Navy Rd Millington, TN 38053
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