8800 Us-51 Millington, TN 38053
- Retail properties
- 2,584 SF
- 2.53 lot acres
Current Use by Public Records
- Retail properties
Property Details for 8800 Us-51
- Lot size
- 2.53 lot acres
- Property size
- 2,584 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional commercial property presents a unique investment opportunity in Millington, Tennessee. The offering includes a 2,584 square foot free-standing, second-generation restaurant building situated on a sizable 2.53-acre lot. The property boasts convenient access from US Highway 51 and features two distinct parcels: Lot 1, encompassing 1.35 acres, and Lot 2, comprising 1.18 acres. This presents a significant development potential, especially considering its strategic location directly north of a new residential development and a large church. The high-traffic area boasts impressive daily traffic counts: 20,324 AADT on US-51 and 14,048 AADT on TN-385. The property benefits from its proximity to a robust retail environment, including major national brands such as Lowe's, Walmart, Hobby Lobby, and many more popular restaurants like Chick-fil-A, Whataburger, and IHOP. This combination of existing restaurant space and ample land provides a versatile platform for various commercial ventures, making it an attractive proposition for both established businesses and new developments. The property's location and surrounding infrastructure make it an ideal site for expansion or a new commercial enterprise. This is a rare opportunity to acquire a substantial property in a thriving retail corridor.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Millington
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.8865
- Latitude
- 35.3664
