8820 Tn-3 Millington, TN 38053
This exceptional 1.36-acre commercial lot, situated at 8820 TN-3 in Millington, Tennessee (zip code 38053), presents a remarkable development opportunity. Boasting 59,241 square feet and a desirable B-2 zoning designation (General Commercial District), this property offers excellent width and depth, ideal for a variety of commercial ventures. The asking price is $500,000, translating to $8.44 per square foot. Its strategic location between Pig-n-whistle BBQ and Wyatt Earp's Restaurants, and adjacent to the Hampton Inn & Suites Millington, ensures high visibility and accessibility. Furthermore, its proximity to Millington Memphis Airport benefits Northwest and Southwest travelers. The area also features a strong retail presence, including Walmart, Kroger, Lowe's, Save a Lot, and hotel chains such as Holiday Inn and Wyndham along US-51 South, creating a vibrant and thriving commercial environment. This owner-user opportunity is poised for significant return on investment. The property is located in Shelby County.
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.