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    535 NW Broad St Murfreesboro, TN 37130

    Sponsored
    For Sale
    $2,000,000

    2.75-Acre Corner Lot, High Visibility

    Property size:
    119,790 SF

    Description

    Added:
    Jan 14, 2025
    Days on Market:
    359
    This exceptional 2.75-acre commercial property, located at 535A and 535B NW Broad Street in Murfreesboro, Tennessee, 37130, presents a unique investment opportunity. The site boasts a 2,275 square foot existing improvement and benefits from a highly desirable corner lot position, ensuring exceptional visibility and accessibility. Situated just 1.4 miles from I-24 Exit 78A&B, this location offers unparalleled convenience and exposure to a large volume of traffic. Currently zoned for heavy industrial use, the property's zoning allows for a diverse range of potential uses, including restaurants, retail establishments, self-storage facilities, automotive businesses, general service and repair shops, and warehouse/distribution centers. The asking price is $2,000,000, translating to $16.75 per square foot of land. This presents a compelling opportunity for owner-users seeking a strategically located property with significant development potential. The property's versatility and prime location make it an ideal investment for a variety of commercial ventures. Serious inquiries are encouraged.

    Property Features for 535 NW Broad St

    General Information

    Property type
    Industrial land
    Investment Type
    owner-user
    Square Feet
    119,790 SF
    Price / Square Foot
    $16
    Elevators
    N/A
    Lot Size
    119,790 SF

    HighLights

    • Prime 2.75‑acre Murfreesboro corner lot, ideal for diverse commercial uses.
    • $2 million asking price, offering $16.75 per square foot land cost.
    • High‑visibility location, 1.4 miles from I‑24, with existing 2,275 sq ft building.
    Location Intelligence

    Current Use by Public Records

    Southern Soul Cuisine Restaurant Taqueria El Patron Restaurant

    Suggested Use

    Restaurant Realty agency Dental Office Building Supply Spa & Massage Wholesale Shop Law Firm Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Murfreesboro
    State
    Tennessee
    Longitude
    -86.399369
    Latitude
    35.849146

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    FAQs

    What type of property is this?
    Industrial land - 2.75-Acre Corner Lot, High Visibility
    Where is this industrial land located?
    The property is located at 535 NW Broad St Murfreesboro, TN.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Prime 2.75-acre Murfreesboro corner lot, ideal for diverse commercial uses.; $2 million asking price, offering $16.75 per square foot land cost.; High-visibility location, 1.4 miles from I-24, with existing 2,275 sq ft building.
    (615) 250-8674
    Request Owner's contact information
    535 NW Broad St Murfreesboro, TN 37130
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    Murfreesboro, TN 37130
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    535 NW Broad St Murfreesboro, TN 37130
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