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Property profile & analytics
OFF-MARKET
Land

8820 Us-51 Millington, TN 38053

1.36 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.36-acre industrial land parcel in Millington, Tennessee, presents a remarkable opportunity for development. Located at 8820 US-51, this property boasts a highly desirable B-2 General Commercial District zoning, allowing for a wide range of commercial uses. Its strategic location offers unparalleled visibility and accessibility, situated between Pig-n-whistle BBQ and Wyatt Earp's Restaurant, and directly adjacent to the Hampton Inn & Suites Millington. The site benefits from excellent width and depth, providing ample space for construction. This prime location offers convenient access to Millington Memphis Airport, catering to Northwest and Southwest travelers. Furthermore, the property enjoys proximity to major retailers such as Walmart, Kroger, Lowe's, and Save a Lot, as well as established hotel chains including Holiday Inn and Wyndham, all situated along US-51 South. This presents an ideal owner-user opportunity to build a new project in a thriving commercial corridor. The asking price for this exceptional property is $500,000. The property is located in Shelby County, Tennessee, zip code 38053.

Property profile
Verified
Property type Land
Lot 1.36 ac (59,242 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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