2504 Memorial Blvd Springfield, TN 37172
This exceptional 4.31-acre commercial land parcel presents a unique investment opportunity in Springfield, Tennessee. Strategically located on Memorial Boulevard, this property boasts an enviable position near high-traffic areas, including a Kroger grocery store and Reiselman GMC. Its prime location offers significant visibility and accessibility, making it ideal for a wide range of commercial developments. The property's substantial size, coupled with its prominent frontage on three roads (Memorial Boulevard and East Hillcrest Drive), provides approximately 1180 feet of road frontage, maximizing exposure and potential for development. The asking price is $2,500,000. Situated in Robertson County, with a zip code of 37172, this property is easily accessible from Highway 41 North, heading towards Greenbrier/Springfield. Its proximity to established businesses ensures high traffic flow and a strong customer base. The vacant land offers developers the flexibility to create a project tailored to the specific needs of the market. This is a rare opportunity to acquire a significant commercial land holding in a thriving Tennessee community. The property's size and location make it suitable for a variety of commercial uses, offering substantial potential for return on investment. Don't miss this chance to secure a prime piece of commercial real estate in a rapidly growing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.