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    Navy Rd Millington, TN 38053

    Sponsored
    For Sale
    Contact for pricing

    Prime Millington mixed-use outparcel, 30,000 SF retail space.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Astoria Square presents a unique investment opportunity in Millington, Tennessee. This 1.6-acre outparcel, situated on the south side of Navy Road, east of Veterans Parkway, offers 30,000 square feet of first-floor retail space available for lease. The property is part of a larger, exciting new mixed-use development, the first of its kind in Millington. This vibrant community will include apartments, single-family townhomes, a hotel, and an existing YMCA, creating a dynamic environment for businesses. The strategic location provides exceptional access to Millington Regional Jetport and the significant economic activity generated by the nearby Naval Support Activity Mid-South, home to over 7,500 military, civilian, and contract personnel. This high-traffic area offers unparalleled visibility and accessibility for businesses seeking a thriving market. Additional retail outparcels are available for sale, ground lease, or build-to-suit options, catering to a variety of needs. Ideal uses include restaurants, entertainment venues, specialty retail services, and office spaces. This is an exceptional chance to be part of a rapidly growing community with strong demographics and a robust economic base. The property's location and the overall development promise significant return on investment.

    Property Features for 0 Navy Rd

    General Information

    Property type
    Individual retail properties
    Lot Size
    69,696 SF

    HighLights

    • 1.6‑acre outparcel in Millington, TN's first mixed‑use development, including apartments, townhomes, a hotel, and a YMCA.
    • Prime location near Millington Regional Jetport and Naval Support Activity Mid‑South (7,500+ personnel).
    • 30,000 SF of first‑floor retail space available for lease.
    • Hotel outparcel available for sale.
    • Additional retail outparcels available for sale, ground lease, or build‑to‑suit.
    • Ideal for restaurants, entertainment, specialty retail, and office uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Millington
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8691738
    Latitude
    35.3397813

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    FAQs

    What type of property is this?
    Individual retail property - Prime Millington mixed-use outparcel, 30,000 SF retail space.
    Where is this individual retail property located?
    The property is located at Navy Rd Millington, TN.
    What are key features of this property?
    This property features: 1.6-acre outparcel in Millington, TN's first mixed-use development, including apartments, townhomes, a hotel, and a YMCA.; Prime location near Millington Regional Jetport and Naval Support Activity Mid-South (7,500+ personnel).; 30,000 SF of first-floor retail space available for lease.
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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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