@ I-840 Veterans Pkwy Millington, TN 38053
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.