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    Murfreesboro Rd Lebanon, TN 37087

    For Sale
    $3,900,000

    Prime 38-Acre Commercial Tract, Hwy 231 Frontage

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 38.01-acre commercial land parcel presents a significant investment opportunity in Lebanon, Tennessee. Strategically located on the south side of town, this property boasts unparalleled visibility and accessibility. The land itself is primarily level to gently rolling, offering considerable flexibility for development. With 569 feet of frontage on Highway 231 and an additional 425 feet on Stumpy Lane, this site provides ample space for a wide range of commercial ventures. Its current zoning designation is Commercial Services, making it suitable for various uses. The property's proximity to Interstate 40 (less than one mile from Exit 238) ensures convenient access for both local and regional businesses. This prime location offers exceptional potential for high traffic volume and strong visibility, making it an ideal investment for developers seeking a high-impact commercial project. Further details, including potential uses and development plans, are available in the media section. This is a rare opportunity to acquire a substantial commercial land holding in a rapidly growing area. Don't miss this chance to secure a piece of Lebanon's thriving commercial landscape. The asking price for this exceptional property is $3,900,000.

    Property Features for Murfreesboro Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    1,655,716 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lebanon
    County
    Wilson County, TN
    State
    Tennessee
    Longitude
    -86.34977
    Latitude
    36.05436

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 38-Acre Commercial Tract, Hwy 231 Frontage
    Where is this commercial real estate located?
    The property is located at Murfreesboro Rd Lebanon, TN.
    What is the asking price?
    The asking price for this property is $3,900,000.
    (615) 444-0909
    Request Owner's contact information
    Murfreesboro Rd Lebanon, TN 37087
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    Lebanon, TN 37087
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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
    Murfreesboro Rd Lebanon, TN 37087
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