8620 Hwy Millington, TN 38053
- Land
- 0.52 lot acres
Current Use by Public Records
- Land
Property Details for 8620 Hwy
- Lot size
- 0.52 lot acres
- Property type
- Land
Description
This exceptional 0.52-acre commercial lot, located at 8620 Hwy 51 in Millington, Tennessee, presents a unique investment opportunity. Priced at $400,000, this property boasts a land value of $17.78 per square foot. The lot encompasses 22,487 square feet of highly visible land situated at the intersection of Hwy 51 N and Veterans Parkway, benefiting from significant daily traffic volume. Hwy 51 North sees an average daily traffic count of 22,397 vehicles. This strategic location offers excellent exposure and accessibility. The property's adjacency to a new Arby's restaurant (opened in 2019) and a planned retail power center development further enhances its value and potential. This is an ideal site for a variety of commercial ventures, capitalizing on the high traffic counts and the burgeoning retail environment in the area. The property is situated in Shelby County, Tennessee, with a zip code of 38053. This prime location offers exceptional visibility and accessibility, making it an attractive investment for businesses seeking a high-traffic location in a growing area. The property's proximity to established businesses and future developments makes it a compelling opportunity for long-term growth and return on investment.
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
- -89.8909
- Latitude
- 35.3619
