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8901 US Highway 51 N - 8901 US Highway 51, Millington, TN
20.49 Acres of Commercial Land Offered at $1,785,090 in Millington, TN 38053
INVESTMENT HIGHLIGHTS
- In the path of considerable commercial development; may be combined with adjoining 16 ac to provide 36 ac tract
- Pro development City officials are easy to work with
- Sewer and water are convenient
- US Hwy 51 carries 25,000+/- vehicles per day by this location
- 500' front x 1,750' deep configuration allows for options in development plan; adjoining 16 ac has 400' frontage
- In OPPORTUNITY ZONE
EXECUTIVE SUMMARY
Just north of significant new retail development including TJ Maxx, Hobby Lobby, Aldi's, Burlington, Chipotle, Dollar Tree, Mattress Firm, Chicken Salad Chick, LongHorn SteakHouse, et al
In OPPORTUNITY ZONE which offers considerable potential tax benefits
As Millington development continues north along the high-traffic US Hwy 51 corridor, this site has potential for mixed commercial/residential or office/light industrial use
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
PROPERTY FACTS
| Price | $1,785,090 | Property Subtype | Commercial |
| Sale Type | Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 20.49 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $1,785,090 |
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 20.49 AC |
| Opportunity Zone |
Yes |
1 LOT AVAILABLE
Lot 1
| Price | $1,785,090 | Lot Size | 20.49 AC |
| Price Per AC | $87,120.06 |
| Price | $1,785,090 |
| Price Per AC | $87,120.06 |
| Lot Size | 20.49 AC |
20 ac level land ready for development. 500' frontage on high-traffic US Hwy 51; approx 1,750' depth Can be combined with adjacent 16 ac to provide 36 ac tract Across US Hwy 51 from Homer Skelton Ford dealership and Hampton Inn OPPORTUNITY ZONE
DESCRIPTION
20.49 ac on the northern fringe of significant new commercial development. it is expected that development will continue in the direction of this site. Presently used for agri purposes. Sewer and water are convenient to site May be combined with adjoining 16 acres to provide 36 ac tract. Millington is booming with new commercial and residential development along the high-traffic US Hwy 51 corridor. The area is expected to benefit from Ford's Blue Oval City and Elon Musk's xAi Super Computer (Memphis). Millington is home of Naval Air Training Center which has been converted to Navy's regional HR center with over 7,000 officer, enlisted and contract personnel. The airport has 8,000' runway with FBO and repair & maintenance services provider. This site is just north of Forked River Commons retail center that includes TJ Maxx, Hobby Lobby, Aldi, Burlington, LongHorn SteakHouse, et al. in OPPORTUNITY ZONE....
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8901 US Highway 51 N - 8901 US Highway 51, Millington, TN
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