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Property profile & analytics
OFF-MARKET
Land

7958 Austin Peay Hwy Millington, TN 38053

8 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 8-acre commercial and residential land parcel presents a remarkable investment opportunity in Millington, Tennessee. Located at the highly visible northeast corner of Austin Peay Highway and Millington Arlington Road, this property boasts 954 feet of prime highway frontage, ensuring maximum exposure to a substantial daily traffic volume. Its strategic location places it just minutes from Millington's Navy Road, a hub of current and planned development, and provides convenient southbound access to downtown Arlington. The property sits adjacent to a Subway-anchored convenience store and across the street from a Dollar General, indicating a strong existing commercial presence in the immediate vicinity. Zoned R-10, this versatile land offers significant potential for a variety of commercial uses, including quick-service restaurants (QSRs), service providers, and community resources. The substantial acreage makes it ideal for multi-lot development, capitalizing on the significant growth anticipated in the area, particularly with its proximity to the burgeoning Blue Oval City development. The asking price is $649,000, and the property's APN is D011700369. This is an affordable entry point into a rapidly developing market with exceptional visibility and access. Don't miss this chance to secure a prime piece of real estate in a thriving Tennessee community.

Property profile
Verified
Property type Land
Lot 8 ac (348,480 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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