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    8820 Tn-3 Millington, TN 38053

    Sponsored
    For Sale
    $500,000

    Prime Millington location, high visibility, B-2 zoning.

    Property size:
    59,241 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.36-acre commercial lot, situated at 8820 TN-3 in Millington, Tennessee (zip code 38053), presents a remarkable development opportunity. Boasting 59,241 square feet and a desirable B-2 zoning designation (General Commercial District), this property offers excellent width and depth, ideal for a variety of commercial ventures. The asking price is $500,000, translating to $8.44 per square foot. Its strategic location between Pig-n-whistle BBQ and Wyatt Earp's Restaurants, and adjacent to the Hampton Inn & Suites Millington, ensures high visibility and accessibility. Furthermore, its proximity to Millington Memphis Airport benefits Northwest and Southwest travelers. The area also features a strong retail presence, including Walmart, Kroger, Lowe's, Save a Lot, and hotel chains such as Holiday Inn and Wyndham along US-51 South, creating a vibrant and thriving commercial environment. This owner-user opportunity is poised for significant return on investment. The property is located in Shelby County.

    Property Features for 8820 Tn-3

    General Information

    Property type
    Land
    Square Feet
    59,241 SF
    Lot Size
    59,242 SF

    HighLights

    • 1.36‑acre commercial lot in Millington, TN (38053) with B‑2 General Commercial zoning.
    • 59,241 square feet, priced at $500,000 ($8.44/SF).
    • High visibility location near major restaurants and hotels, including Hampton Inn & Suites.
    • Excellent width and depth ideal for various commercial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Millington
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8862447
    Latitude
    35.3667236

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    FAQs

    What type of property is this?
    Land - Prime Millington location, high visibility, B-2 zoning.
    Where is this land located?
    The property is located at 8820 Tn-3 Millington, TN.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: 1.36-acre commercial lot in Millington, TN (38053) with B-2 General Commercial zoning.; 59,241 square feet, priced at $500,000 ($8.44/SF).; High visibility location near major restaurants and hotels, including Hampton Inn & Suites.
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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
    8820 Tn-3 Millington, TN 38053
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