For Sale
$1,785,090

8961 Tn-3Millington, TN 38053

20 acres, Hwy 51 frontage, Opportunity Zone.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 20-acre commercial and residential land parcel presents a significant development opportunity in Millington, Tennessee. Strategically located on the west side of US Highway 51, this property enjoys high visibility and convenient access. Across the highway sits a Hampton Inn and Homer Skelton Ford dealership, underscoring the area's strong commercial presence. The site is situated just north of the thriving Forked River Commons retail center, home to national retailers such as TJ Maxx, Hobby Lobby, Aldi's, Dollar Tree, Mattress Firm, LongHorn Steakhouse, and Chicken Salad Chick. This prime location benefits from Millington's ongoing commercial and residential growth, fueled by nearby major developments. The property's designation as an Opportunity Zone offers substantial tax advantages for investors. Sewer access is available from the east side of Highway 51. The site is divisible, with pricing adjusted based on parcel size and location within the 20-acre tract. The land value ranges from $87,120 to $130,680 per acre. This property is ideally suited for a variety of commercial and residential projects, capitalizing on Millington's growth trajectory and the proximity to Ford's Blue Oval City (30 miles north) and Elon Musk's SuperComputer facility in Memphis. The asking price for the entire 20-acre parcel is $1,785,090.

Highlights

  • 20-acre commercial and residential land parcel in Millington, TN with US Hwy 51 frontage.
  • High visibility location across from Hampton Inn & Homer Skelton Ford.
  • Adjacent to the Forked River Commons retail center, anchored by national retailers.
  • Benefits from proximity to Ford's Blue Oval City (30 miles) and Elon Musk's Supercomputer facility.
  • Designated Opportunity Zone offering significant tax advantages.

Property Details for 8961 Tn-3

Property type
Land

Location Insight

City
Millington
County
Shelby
State
Tennessee
Latitude
35.370649334668
Longitude
-89.882412082231
8961 Tn-3, Millington, Tennessee

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8961 Tn-3
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