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8839 US Highway 51 N 14.75 Acres of Commercial Land Offered at $1,900,000 in Millington, TN 38053
INVESTMENT HIGHLIGHTS
- Over 1,400' frontage on busy US Highway 51
- Two median cuts in US Highway 51 facilitate easy access
- In Opportunity Zone
- Zoned Commercial, B-2, which allows lodging, general retail, restaurants, office, medical, etc
- Just N of recently completed Forked River retail center at Veterans Parkway at US Hwy 51...TJ Maxx, Hobby Lobby, Burlington, Longhorn Steakhouse
- Near Walmart SuperCenter and Lowe's
EXECUTIVE SUMMARY
Commercial B-2 zoning allows many uses...hotel/motel, general retail, restaurants, medical office, nursing home, assisted living, offices, automotive repair, etc.
Over 1,400' frontage on busy US Highway 51. Property depth at N boundary 1,150'; at S boundary 540'
There are 2 median cuts in Highway 51 to facilitate access to site.... the northernmost cut aligns with entry to Hampton Inn; the southern cut aligns with Shipp Road
PROPERTY FACTS
| Price | $1,900,000 | Property Subtype | Commercial |
| Sale Type | Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 18.42 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $1,900,000 |
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 18.42 AC |
| Opportunity Zone |
Yes |
1 LOT AVAILABLE
Lot
| Price | $1,900,000 | Lot Size | 14.75 AC |
| Price Per AC | $128,813.56 |
| Price | $1,900,000 |
| Price Per AC | $128,813.56 |
| Lot Size | 14.75 AC |
West Side US Highway 51 just north of recently completed Forked River retail center. Zoned B-2 (Commercial)....retail, office, etc, permitted. Over 1,400' of frontage on busy Hwy 51. In Opportunity Zone.
DESCRIPTION
Land for development just north of recently completed Forked River retail center which includes...TJ Maxx, Aldi, Burlington, Hobby Lobby, Campbell Clinic (orthopedics) and food services such as LongHorn Steakhouse and Chicken Salad Chick. This intersection includes Whataburger, Chipotle, Arby's, Waffle House and KFC. Just south of the intersection is ChickFilA, Zaxby's, Chili's, Harry's and Huey's. This area also features a Walmart SuperCenter and Lowe's. One Millington, an upscale apartment development is under construction near Lowe's. Commercial B-2 zoning allows many uses...hotel/motel, general retail, restaurants, medical office, nursing home, assisted living, offices, automotive repair, etc. Site is 2 adjacent tax parcels with same owner. Over 1,400' frontage on busy US Highway 51. Property depth at N boundary 1,150'; at S boundary 540' There are 2 median cuts in Highway 51 to facilitate access to site.... the northernmost cut aligns with entry to Hampton Inn; the southern cut aligns with Shipp Road
PROPERTY TAXES
| Parcel Number | M0-105-0-0153 | Improvements Assessment | $0 |
| Land Assessment | $53,600 | Total Assessment | $53,600 |
PROPERTY TAXES
Presented by
8839 US Highway 51 N
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