9040 Hwy Hwy Millington, TN 38053
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 9040 Hwy Hwy
- Year built
- 2003
- Property type
- Commercial real estate
Description
This exceptional commercial property, located at 9040 US Hwy 51 in Millington, Tennessee, presents a unique investment opportunity. The 4-acre lot boasts an 8,000 square foot building currently occupied by a thriving flooring business, Millington Floor Covering (MFC). MFC, established for over 40 years, is being offered for sale complete with inventory, equipment, and furnishings. The owner is retiring, presenting a turnkey acquisition for a new business owner. The property's strong financial performance is evident in its 2023 gross sales exceeding $1.5 million. The building itself comprises a spacious 3,500 square foot showroom, ideal for showcasing products, and a 4,500 square foot warehouse area for storage and operations. Convenient 14-foot dock doors facilitate efficient loading and unloading. The substantial lot size offers significant potential for future development and expansion. The property's location on US Highway 51 ensures high visibility and accessibility, making it an attractive proposition for a variety of commercial ventures. The lot is also divisible, allowing for the creation of additional commercial spaces, further enhancing its investment potential. This is a rare opportunity to acquire a profitable, established business with significant real estate value in a prime Millington location. The asking price is $2,000,000.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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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
- -89.8762
- Latitude
- 35.3737
