Land/ Commercial Property For Sale: Brand New Gas Station

Features & Details

• Amount of Sft/acres: 3.08 Acres two separate parcels (Building is 6,000)
• Property Type: Commercial Gas Station w/ Retail. 3 Separate spaces, with1being the main (Biggest) space for the gas station operator. Property also comes with another 1+ acre parcel right next to the parcel where the gas station sits.

Commercial Area Features

• Prime Corner Lot: Situated on a perfect corner lot with 3.26 acres, ideal for commercial business development

• City Limits: Located within Millington city limits, providing access to municipal services and infrastructure

• Surrounding Development: The property is in a fantastic area surrounded by great subdivisions, indicating a thriving residential community nearby

Commercial Potential

• Unlimited Potential: The site has unlimited potential for commercial development, making it versatile for various business types

• Size: With 3.26 acres, the lot offers ample space for a substantial commercial project

• Visibility: Being on a corner lot, the property likely has excellent visibility from multiple directions, a crucial factor for commercial success.

Area Demographics

• Growing Population: Millington has a diverse population with various age groups, including 15.8% of persons 65 years and over, indicating a stable customer base

• Economic Indicators: The median household income in Millington is $51,695 (in 2023 dollars), suggesting a moderate consumer spending power in the area

Local Economy

• Retail Market: Millington has a strong retail presence, with total retail sales of $339,332,000 in 2017, indicating a robust local economy

• Diverse Business Landscape: The city has a mix of employer establishments, including minority-owned and women-owned businesses, showcasing a diverse economic environment

Accessibility

• Transportation: The mean travel time to work for workers age 16 years and over is 21.4 minutes, suggesting good accessibility and potential for commuter traffic

Community Amenities

• Community Center: The nearby Baker Community Center offers various facilities and programs, potentially attracting foot traffic to the area

• Education: With 88.7% of persons age 25+ being high school graduates or higher, the area has an educated workforce and consumer base

These features highlight the positive aspects of the commercial area around 6448 Raleigh Millington, Millington TN, making it an attractive location for potential business development.

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