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Property profile & analytics
OFF-MARKET
Land

8820 Tn-3 Millington, TN 38053

59,241 SF 1.36 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Total area 59,241 SF
Lot 1.36 ac (59,242 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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