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Property profile & analytics
OFF-MARKET
Land

7400 Tn-3 Millington, TN 38053

95 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 95 ac (4,138,200 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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