Millington, Tennessee: A Premier Destination for Commercial Real Estate

Introduction

Millington, Tennessee, is emerging as a key player in the commercial real estate (CRE) market, offering a unique blend of economic growth, strategic location, and ample development opportunities. Located in Shelby County, Millington provides a vibrant setting for industries such as logistics, aerospace, and manufacturing. Its proximity to Memphis further enhances its appeal, making it an attractive destination for investors and developers seeking to capitalize on its expanding economy.

Economic and Industry Overview

Millington's economic landscape is dominated by sectors that drive significant demand for various commercial property types:

• Logistics and Distribution: With its strategic location near major highways and the Memphis International Airport, Millington is a hub for logistics operations.
• Aerospace and Defense: The presence of the Naval Support Activity Mid-South creates a robust demand for office and industrial spaces.
• Manufacturing: The city supports a thriving manufacturing sector, increasing the demand for industrial real estate.

Regional economic development initiatives, such as those spearheaded by the Greater Memphis Chamber, are instrumental in fostering growth and attracting new businesses.

Strategic Location and Transportation Infrastructure

Millington boasts an exceptional transportation network that enhances its commercial real estate potential:

• Highways: Access to Interstate 40 and U.S. Highway 51 facilitates seamless connectivity.
• Air Transportation: Proximity to Memphis International Airport offers logistical advantages for businesses.
• Rail Lines: The city is served by major railroads, providing efficient freight options.

These infrastructural assets position Millington as an ideal location for distribution centers and businesses requiring easy access to labor pools and regional markets.

Commercial Real Estate Inventory & Zoning

Millington offers diverse CRE submarkets catering to different needs:

• Central Business District: A focal point for office spaces and retail establishments.
• Industrial Corridors: Areas designated for warehouses and manufacturing facilities.
• Innovation Districts: Zones encouraging tech and research development.

Recent zoning changes and incentives, such as those detailed in the City of Millington Zoning Map, provide attractive opportunities for developers to explore.

Major Employers and Institutions

Key employers and institutions in Millington include:

• Naval Support Activity Mid-South: A significant driver of office space demand.
• Memphis-Shelby County Schools: Contributing to the need for educational facilities.
• Tennessee College of Applied Technology: Supporting the demand for training centers.

Detailed information on Millington's business environment can be found on the City of Millington Economic Development page.

Notable Commercial Developments & Projects

Millington is witnessing several large-scale development projects:

• Mixed-Use Developments: Combining residential, retail, and office spaces.
• Innovation Parks: Designed to attract tech and research firms.
• Opportunity Zones: Offering tax incentives and other benefits.

Public-private partnerships are key drivers of these developments, and further information can be accessed through the Millington Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, the following resources are essential:

• Millington Building and Safety Department
• Permitting Portals
• Parcel Map Viewer / GIS
• Planning Commission
• Development Code

These tools facilitate efficient navigation of the city's regulatory and developmental landscape.

Market Data & Economic Reports

Public data sets offer valuable insights into Millington's CRE market:

• Census Data
• City-specific economic reports and data portals

Brevitas leverages AI-powered aggregation from public data and internal insights. Explore Brevitas-powered dashboards for Millington here.

Why Use Brevitas for Millington, Tennessee CRE?

Brevitas stands out as a leader in CRE marketplace solutions, offering:

• AI-Driven Discovery: Enhance your search with intelligent recommendations.
• Real-Time Market Alerts: Stay informed about the latest opportunities.
• Smart Property Pages: Access detailed property insights instantly.
• Dealroom Collaboration: Streamline your transactions with collaborative tools.

Our unique features, including auto-generated listing pages, email, and landing page tools, integration with brokers and developers, exclusive listings, and premium exposure, make Brevitas the go-to platform for CRE in Millington, Tennessee.