Raleigh-Millington Rd Millington, TN 38053
- Land
- 9.35 lot acres
Current Use by Public Records
- Land
Property Details for 0 Raleigh-Millington Rd
- Lot size
- 9.35 lot acres
- Property type
- Land
Description
This exceptional 9.35-acre parcel presents a compelling residential development opportunity in Millington, Tennessee. Strategically located on Raleigh-Millington Road, this R-2 zoned property enjoys high visibility with a daily traffic count of 9,949 vehicles. Its advantageous position offers easy access to major thoroughfares, including US Highway 51 (20,324 vehicles daily) and Interstate 269 (14,048 vehicles daily), ensuring convenient commutes. The property's desirability is further enhanced by strong local demographics. Within a one-mile radius, the average household income is $94,052, indicating a stable and affluent community. Expanding to a five-mile radius, the population exceeds 15,000, maintaining a consistent average household income of approximately $80,000. This combination of prime location, favorable zoning, and a robust demographic profile makes this land a significant opportunity for residential developers seeking to capitalize on the growing housing demand in the Millington area. The property's APN is M0126 00051 and is located at 0 Raleigh-Millington Rd, Millington, TN 38053. This is a rare opportunity to acquire a substantial residential lot in a thriving 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
- -89.909
- Latitude
- 35.3172
