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Property profile & analytics
OFF-MARKET
Land

0 Millington Arlington Rd Millington, TN 38053

6.74 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 6.74-acre commercial land parcel sits at the highly visible northwest corner of Austin Peay Highway and Millington Arlington Road in Millington, Tennessee (zip code 38053, Shelby County). The property boasts approximately 650 feet of frontage on Austin Peay Highway, offering significant visibility and accessibility. Currently priced at $799,000, this represents a compelling opportunity for long-term development given its strategic location. The site is situated at a lighted intersection, directly across from a Shell gas station and Subway, and adjacent to a Dollar General, ensuring high traffic counts and brand recognition. Furthermore, the area is experiencing significant growth, fueled by the expansion of Millington and Arlington, and the upcoming Blue Oval City development in Stanton, Tennessee. A road widening project on Austin Peay Highway, extending north towards Tipton County, is underway and anticipated for completion in Spring 2025, further enhancing the property's value and accessibility. A recent survey is available for review. This property presents a rare chance to capitalize on the burgeoning growth in this area and secure a prime location for corporate development. The parcel's size and visibility make it ideal for a variety of commercial uses. The property's APN is D0117 00267.

Property profile
Verified
Property type Land
Lot 6.74 ac (293,594 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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