Current Use by Public Records
- Land
Property Details for 7400 Tn-3
- Lot size
- 95.00 lot acres
- Property type
- Land
Description
This exceptional 95-acre commercial land parcel presents a unique investment opportunity in Millington, Tennessee. Strategically located at the intersection of US Highway 51 and Highway 385 (future I-269), this property boasts unparalleled visibility and convenient access. The site is zoned for commercial use and offers significant development potential, with options ranging from entirely commercial to a mixed-use development incorporating residential components. One conceptual plan suggests a 50-acre commercial area and the remaining acreage for mixed-residential use. This location is situated within an Opportunity Zone, providing substantial tax advantages for investors. Existing infrastructure includes sewer lines running along the interior perimeter and water access on Big Creek Church Road, the southern boundary. The property is easily divisible into parcels as small as two acres, with pricing dependent on size and location within the larger tract. A new traffic signal is planned by the Tennessee Department of Transportation at US Highway 51 and Big Creek Church Road, further enhancing accessibility. Millington's thriving economy, fueled by the presence of the US Naval Support Activity Mid-South and its associated 7,500+ personnel, coupled with its modern airport and the nearby USA Stadium, creates a robust market for various commercial ventures, including retail, lodging, healthcare, office, and auto-related businesses. Pro-development local officials further support the potential for successful development on this site.
Value Estimations
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AI approach
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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
- -89.9242
- Latitude
- 35.3281
