0 Us Highway 51 Millington, TN 38053
This exceptional 3.966-acre commercial land parcel is ideally situated on North US Highway 51 in Millington, Tennessee, offering unparalleled visibility and accessibility. Boasting over 206 feet of highway frontage, this B-2 zoned property benefits from high daily traffic counts exceeding 20,563 vehicles. Its prime location places it in close proximity to major retail establishments, including a Walmart, Tractor Supply, Lenny's Sub Shop, Little Caesar's, and Sherwin Williams, ensuring high consumer traffic and brand recognition. The property's strategic position within a key development corridor promises significant long-term value appreciation. Comprised of three parcels (APN: M0115R A00001, M0115R A00003, and M0115R A00006), this land offers flexibility for individual or combined development, making it an attractive investment opportunity for businesses seeking to establish a presence in a thriving market. Direct access from US-51 is available for each parcel. The Shelby County location and 38053 zip code further enhance its appeal. This property presents a rare chance to acquire a highly visible and strategically located commercial land asset in a rapidly growing area.
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.