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    7958 Austin Peay Hwy Millington, TN 38053

    For Sale
    $649,000

    8 Acres, Hwy Frontage, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 8-acre commercial and residential land parcel presents a remarkable investment opportunity in Millington, Tennessee. Located at the highly visible northeast corner of Austin Peay Highway and Millington Arlington Road, this property boasts 954 feet of prime highway frontage, ensuring maximum exposure to a substantial daily traffic volume. Its strategic location places it just minutes from Millington's Navy Road, a hub of current and planned development, and provides convenient southbound access to downtown Arlington. The property sits adjacent to a Subway-anchored convenience store and across the street from a Dollar General, indicating a strong existing commercial presence in the immediate vicinity. Zoned R-10, this versatile land offers significant potential for a variety of commercial uses, including quick-service restaurants (QSRs), service providers, and community resources. The substantial acreage makes it ideal for multi-lot development, capitalizing on the significant growth anticipated in the area, particularly with its proximity to the burgeoning Blue Oval City development. The asking price is $649,000, and the property's APN is D011700369. This is an affordable entry point into a rapidly developing market with exceptional visibility and access. Don't miss this chance to secure a prime piece of real estate in a thriving Tennessee community.

    Property Features for 7958 Austin Peay Hwy

    General Information

    Property type
    Land
    Lot Size
    348,480 SF

    HighLights

    • 264,856 square feet, multi‑tenant office and retail building with multiple subtypes including medical, creative, executive, and traditional office space.
    • Minimum 2,000 square feet divisible, with a maximum contiguous space of 4,000 square feet.
    • Located in the Fremont/Newark submarket, near Newpark Mall and Stevenson Shopping Center, Alameda County, CA.
    • Class B building, constructed in 2007, featuring 16' - 18' ceiling heights.
    • 6.08‑acre lot with 200+ parking spaces.
    • Zoned for commercial restaurant, retail, and office uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Kitchen & Bath Food Market HVAC Service Grocery Store Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Millington
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.787383112734
    Latitude
    35.343544713537

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    FAQs

    What type of property is this?
    Land - 8 Acres, Hwy Frontage, High Traffic
    Where is this land located?
    The property is located at 7958 Austin Peay Hwy Millington, TN.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: 264,856 square feet, multi-tenant office and retail building with multiple subtypes including medical, creative, executive, and traditional office space.; Minimum 2,000 square feet divisible, with a maximum contiguous space of 4,000 square feet.; Located in the Fremont/Newark submarket, near Newpark Mall and Stevenson Shopping Center, Alameda County, CA.
    Request Owner's contact information
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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
    7958 Austin Peay Hwy Millington, TN 38053
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