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Property profile & analytics
OFF-MARKET
Land

5550 Hwy Millington, TN 38053

7.6 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 7.6-acre commercial land parcel presents a remarkable investment opportunity in Millington, Tennessee. Strategically located on Highway 51, near the northeast corner of Highway 51 and Fite Road, this property boasts high visibility and accessibility. The site is zoned for commercial use, offering flexibility for a variety of development projects. With a substantial lot size, the land is divisible, allowing for tailored development to meet specific needs. The property's prime location benefits from significant traffic volume, with Highway 51 reporting an average annual daily traffic count of 28,111 vehicles. This high traffic count ensures excellent exposure for any commercial venture established on the site. Furthermore, the land's adjacency to a planned convenience store further enhances its desirability and potential for increased foot traffic and customer base. This presents a unique chance to capitalize on the growth and development occurring in this thriving area of Shelby County. The property's commercial zoning and ample space make it ideal for a wide range of commercial uses, from retail establishments to light industrial facilities. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is located at 5550 Highway 51, Millington, TN 38053.

Property profile
Verified
Property type Land
Lot 7.6 ac (331,056 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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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