Millington, TN Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Millington, Tennessee Market population: 11K. Explore income-producing properties with verified cap rates and operating...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Millington TN Properties: 0.8500%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Millington TN
Common questions from investors exploring commercial real estate in Millington TN.
What's the overall investment potential of Millington, TN, considering its demographics and economy?
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Millington's median household income of $49,063, combined with a poverty rate of 18.8% and a high health insurance coverage rate of 89.3%, suggests a relatively stable market with a mix of working-class and middle-class residents. The top industries, including Public Administration and Finance & Insurance, indicate a diverse economy, while the 25.5-minute average commute time and high rate of drove alone commutes suggest convenient transportation options.
How does the city's ethnic diversity and industry mix impact the real estate market?
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The city's ethnic diversity, with a mix of White, White Non-Hispanic, and Black populations, contributes to a vibrant community, while the top industries, including Professional, Scientific, & Management, and Real Estate & Rental & Leasing, drive demand for housing. The median property value of $132,900 and median property taxes of $2,301 indicate relatively affordable housing options, making Millington an attractive choice for investors.
What are the implications of Millington's poverty rate and health insurance coverage for real estate investors?
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The 18.8% poverty rate, although relatively high, is mitigated by the 89.3% health insurance coverage rate, suggesting that many residents have access to employment opportunities and healthcare, which can contribute to a more stable tenant base. Additionally, the employed population of 4,772 and a GINI coefficient of 0.396 indicate a relatively balanced income distribution, which can support a stable rental market.
How do commute times and transportation options affect the quality of life and attractiveness of Millington for renters?
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The average commute time of 25.5 minutes, combined with the top commute methods of drove alone, carpooled, and worked at home, suggests that residents have convenient access to employment opportunities and can easily navigate the city. This, in turn, can increase the attractiveness of Millington for renters, supporting a stable and potentially growing rental market, with a homeownership rate of 57.6% indicating a balanced mix of owned and rented properties.
What insights can be gained from Millington's median age, population, and foreign-born rate for real estate investment strategies?
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The median age of 36.3 and a population of 10,969 suggest a relatively small, yet stable, community, while the lack of data on foreign-born rate may indicate a relatively homogeneous population. However, the city's diversity in top ethnicities and industries can still support a vibrant community, and investors may consider targeting specific demographics or industries to capitalize on the local market's unique characteristics and needs.
Millington TN Real Estate & City Facts
Key facts and real estate information about Millington TN.
What are some of the best neighborhoods to live in Millington?
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Some of the best neighborhoods to live in Millington, TN are Whippoorwill Estates, Atoka, and Munford. These neighborhoods are known for their peaceful and friendly atmosphere, spacious homes, and well-kept yards. Additionally, areas like Collierville and Lakeland are also popular choices for those looking to live in the Millington area.
What are some fun things to do in Millington?
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There are plenty of fun things to do in Millington, TN. You can visit the Memphis International Raceway, explore the Meeman-Shelby Forest State Park, or check out the Old Millington Winery. The city also has a variety of attractions like the Playhouse 51 and the Pink Palace Museum. For outdoor enthusiasts, there's the Millington Golf course and the National Civil Rights Museum.
What is the food scene like in Millington?
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The food scene in Millington, TN is a mix of traditional Southern cuisine and modern restaurants. You can find great BBQ at places like Pig-n-whistle BBQ, or try some Italian food at Harry's Italian Restaurant. There are also plenty of great food trucks and casual dining spots like Pops Bar & Grill. For a unique experience, you can visit the Coastal Fish Company or the Porch & Parlor Prime Steakhouse.
What are the pros and cons of living in Millington?
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The pros of living in Millington, TN include its small-town feel, affordable housing, and easy access to Memphis. However, some cons include the limited job opportunities and a higher poverty rate compared to other suburbs. Additionally, the city's infrastructure and public transportation system could be improved. Overall, Millington is a great choice for those looking for a quiet and affordable place to live with a strong sense of community.
Is Millington a good place to live?
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Millington, TN can be a good place to live for those who value a small-town atmosphere and a strong sense of community. While it may have its drawbacks, the city offers a unique blend of rural and urban living, with plenty of opportunities for outdoor recreation and cultural experiences. Ultimately, whether Millington is a good place to live depends on your individual preferences and priorities. If you're looking for a quiet and affordable place to call home with easy access to Memphis, Millington might be worth considering.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Millington TN Commercial Property: $49,063
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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