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Southeast corner I-269/TN 385 @ US 51 hwy - 95 Acres for Development, Great visibility

95 Acres of Commercial Land in Millington, TN 38053

Investment Highlights

  • In Opportunity Zone
  • Flexibility in zoning
  • Sewer inside property along E, N and W boundaries
  • Easy access from high-traffic US highway 51; outparcels available along US 51 from 1-6 ac
  • Good location for major retailer and/or office HQ
  • Traffic Signal to be installed at Hwy 51@ Big Creek Church Road

Executive Summary

OPPORTUNITY ZONE
Could be location for a large retail anchor
Outparcels as small as 1-2 acres available along high-traffic US Hwy 51
Perfect location for healthcare related businesses
Could be regional HQ for large firm. Other possible uses,... auto retail, grocery store, Free-standing retail, lodging, restaurants, etc
Great visibility and easy access. TDOT to install traffic signal at Hwy 51 @ Big Creek Church Road
Over 1,500' fronting on TN Hwy 385; over 1,950' on US Hwy 51; over 2,600' on Big Creek Church Road

Property Facts

Sale Type Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 95.00 AC
Opportunity Zone Yes

1 Lot Available

Lot

Lot Size 95.00 AC

In OPPORTUNITY ZONE SE quadrant US Hwy 51 @ TN Hwy 385 (Paul Barrett Pkwy/future I-269). Outstanding visibility. Flexibility in zoning with current indication 1/2 B-2 (general commercial) and 1/2 residential, including multi-family.

Description

95+/- acres for development in the SE quadrant of high-traffic US Highway 51 @ TN Hwy 385 (aka Paul Barrett Parkway/future I-269). Approx 1,570' frontage along TN Hwy 385; approx 1,964' frontage along US Highway 51; approx 2,640' frontage along Big Creek Church Road. The property has a depth at east boundary (from I-269 to Big Creek Church Road) of approx 2,200' Retail/office outparcels along Hwy 51 can range from 1-6 ac The property has modest elevation change with owner feeling there is sufficient dirt on the high spots to adequately fill in the low spots. This site is likely to be developed for mixed use including retail, lodging, office and residential

zoning

Zoning Code b2 (B2 is general commercial which allows most commercial uses Concept layout attached shows 1/2 of site developed for commercial use and 1/2 residential)
b2 (B2 is general commercial which allows most commercial uses Concept layout attached shows 1/2 of site developed for commercial use and 1/2 residential)
  • Listing ID: 31999658

  • Date on Market: 6/3/2024

  • Last Updated:

  • Address: Southeast corner I-269/TN 385 @ US 51 hwy, Millington, TN 38053

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