For Sale
$649,000

7958 Austin Peay HwyMillington, TN 38053

8 Acres, Hwy Frontage, High Traffic

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 8-acre commercial and residential land parcel presents a remarkable investment opportunity in Millington, Tennessee. Located at the highly visible northeast corner of Austin Peay Highway and Millington Arlington Road, this property boasts 954 feet of prime highway frontage, ensuring maximum exposure to a substantial daily traffic volume. Its strategic location places it just minutes from Millington's Navy Road, a hub of current and planned development, and provides convenient southbound access to downtown Arlington. The property sits adjacent to a Subway-anchored convenience store and across the street from a Dollar General, indicating a strong existing commercial presence in the immediate vicinity. Zoned R-10, this versatile land offers significant potential for a variety of commercial uses, including quick-service restaurants (QSRs), service providers, and community resources. The substantial acreage makes it ideal for multi-lot development, capitalizing on the significant growth anticipated in the area, particularly with its proximity to the burgeoning Blue Oval City development. The asking price is $649,000, and the property's APN is D011700369. This is an affordable entry point into a rapidly developing market with exceptional visibility and access. Don't miss this chance to secure a prime piece of real estate in a thriving Tennessee community.

Highlights

  • 264,856 square feet, multi-tenant office and retail building with multiple subtypes including medical, creative, executive, and traditional office space.
  • Minimum 2,000 square feet divisible, with a maximum contiguous space of 4,000 square feet.
  • Located in the Fremont/Newark submarket, near Newpark Mall and Stevenson Shopping Center, Alameda County, CA.
  • Class B building, constructed in 2007, featuring 16' - 18' ceiling heights.
  • 6.08-acre lot with 200+ parking spaces.
  • Zoned for commercial restaurant, retail, and office uses.

Property Details for 7958 Austin Peay Hwy

Property type
Land
Lot Size (sq. ft)
348,480 SF

Location Insight

City
Millington
County
Shelby
State
Tennessee
Latitude
35.343544713537
Longitude
-89.787383112734
7958 Austin Peay Hwy, Millington, Tennessee

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7958 Austin Peay Hwy
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