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Property profile & analytics
OFF-MARKET
Land

@ I-840 Veterans Pkwy Millington, TN 38053

1.4 ac lot
Property ID
Property summary
AI-generated overview

This exceptional commercial land parcel, identified as West Lawn, presents a unique investment opportunity in Millington, Tennessee. Located at the intersection of Veterans Parkway and I-840, this property boasts excellent visibility and accessibility. The lot size ranges from 1.4 to 3.04 acres, providing ample space for a variety of commercial developments. The property is zoned for commercial, retail, medical, and office uses, offering considerable flexibility for potential buyers. A key advantage is its proximity to major healthcare facilities. It's situated adjacent to the future Vanderbilt Hospital and directly across from St. Thomas Neighborhood Hospital, along with other established medical facilities including a Publix and Murfreesboro Medical Clinic. This strategic location ensures high traffic volume and a strong potential customer base. The property benefits from easy access to I-840, providing convenient transportation links throughout the region. All essential utilities are readily available, simplifying the development process. This prime location, combined with its versatile zoning and proximity to healthcare, makes West Lawn an attractive proposition for investors seeking a high-growth area in Shelby County. The property is currently for sale and offers a compelling opportunity to capitalize on the burgeoning medical and commercial sectors in Millington.

Property profile
Verified
Property type Land
Lot 1.4 ac (60,984 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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