9040 US Highway 51 N 8,000 SF Retail Building Millington, TN 38053 For Sale
INVESTMENT HIGHLIGHTS
- Just north of new Forked River retail center with TJ Maxx, Hobby Lobby, Burlington, Aldi's, et al
- Excess land for expansion or could be sold
- Attractive showroom area with offices
- 285' frontage on high-traffic US Hwy 51
- 2 grade level doors in warehouse
EXECUTIVE SUMMARY
4 ac of land on high-traffic US Hwy 51 just north of new Forked River retail development. 8,000 sf steel-frame, metal building (includes 80' x 43' showroom/office), metal roof and siding, bnck-veneer front. Property is presently home of Millington Floor Covering, Inc., the owner of which is largely absentee and wishes to sell the land, building, equipment, inventory, fixtures, business name, etc. Employees are experienced and will remain, if desired.
Adjacent to Homer Skelton Ford dealership
2+ acres could be sold as outparcel to be developed for other users
Adjacent to Homer Skelton Ford dealership
2+ acres could be sold as outparcel to be developed for other users
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
B
Year Built
2003
Building Height
1 Story
Building FAR
0.05
Lot Size
4.00 AC
Opportunity Zone
Yes
Zoning
B-2 - General commercial
Parking
12 Spaces (1.5 Spaces per 1,000 SF Leased)
Frontage
285’ on US Highway 51 N
AMENITIES
- Pylon Sign
- Security System
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | M0-105-0-0189 | Improvements Assessment | $124,320 |
| Land Assessment | $167,800 | Total Assessment | $292,120 |
