7958 Austin Peay Hwy Millington, TN 38053
- Land
- 8.00 lot acres
Current Use by Public Records
- Land
Property Details for 7958 Austin Peay Hwy
- Lot size
- 8.00 lot acres
- Property type
- Land
Description
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.
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
- -89.7874
- Latitude
- 35.3435
