For Sale
$400,000

8620 HwyMillington, TN 38053

High-traffic Hwy 51 lot, $400,000

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 0.52-acre commercial lot, located at 8620 Hwy 51 in Millington, Tennessee, presents a unique investment opportunity. Priced at $400,000, this property boasts a land value of $17.78 per square foot. The lot encompasses 22,487 square feet of highly visible land situated at the intersection of Hwy 51 N and Veterans Parkway, benefiting from significant daily traffic volume. Hwy 51 North sees an average daily traffic count of 22,397 vehicles. This strategic location offers excellent exposure and accessibility. The property's adjacency to a new Arby's restaurant (opened in 2019) and a planned retail power center development further enhances its value and potential. This is an ideal site for a variety of commercial ventures, capitalizing on the high traffic counts and the burgeoning retail environment in the area. The property is situated in Shelby County, Tennessee, with a zip code of 38053. This prime location offers exceptional visibility and accessibility, making it an attractive investment for businesses seeking a high-traffic location in a growing area. The property's proximity to established businesses and future developments makes it a compelling opportunity for long-term growth and return on investment.

Highlights

  • 0.52-acre commercial lot (22,487 SF) for sale.
  • $400,000 listing price.
  • Adjacent to a new Arby's restaurant (opened 2019).
  • Located in a planned retail power center development.
  • High traffic count: 22,397 VPD on Hwy 51 N.
  • Prime intersection of Hwy 51 N and Veterans Parkway.

Property Details for 8620 Hwy

Property type
Land
Lot Size (sq. ft)
22,651 SF

Location Insight

City
Millington
County
Shelby
State
Tennessee
Latitude
35.3619133
Longitude
-89.8909203
8620 Hwy, Millington, Tennessee

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8620 Hwy
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