0 Us-51 Millington, TN 38053
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.