Us-51 Millington, TN 38053
- Land
- 7.31 lot acres
Current Use by Public Records
- Land
Property Details for 0 Us-51
- Lot size
- 7.31 lot acres
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Millington
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.9094
- Latitude
- 35.342
