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    2504 Memorial Blvd Springfield, TN 37172

    For Sale
    $2,500,000

    Prime 4.31-acre commercial lot, high traffic area.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 4.31-acre commercial property presents a remarkable opportunity for investors and developers. Strategically located at 2504 Memorial Boulevard in Springfield, Tennessee, this high-visibility site boasts an impressive 1180 linear feet of road frontage, providing unparalleled exposure to a substantial volume of daily traffic. The property's advantageous position offers excellent accessibility and visibility, making it ideal for a wide range of commercial ventures. Its proximity to established businesses such as Kroger and Reiselman GMC further enhances its desirability and potential for attracting customers and clients. The expansive acreage allows for significant development flexibility, accommodating various commercial projects, from retail spaces and restaurants to office buildings and light industrial facilities. The location's strong demographics and high traffic counts make this a prime investment opportunity with significant potential for long-term growth and profitability. This exceptional property is priced at $2,500,000 and offers a unique chance to establish a thriving commercial presence in a thriving community. Serious inquiries are encouraged.

    Property Features for 2504 Memorial Blvd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    187,744 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Robertson County, TN
    State
    Tennessee
    Longitude
    -86.86836
    Latitude
    36.48965

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 4.31-acre commercial lot, high traffic area.
    Where is this commercial real estate located?
    The property is located at 2504 Memorial Blvd Springfield, TN.
    What is the asking price?
    The asking price for this property is $2,500,000.
    (615) 384-2424
    Request Owner's contact information
    2504 Memorial Blvd Springfield, TN 37172
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    Springfield, TN 37172
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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
    2504 Memorial Blvd Springfield, TN 37172
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