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Property profile & analytics
FOR SALE
Commercial real estate

2504 Memorial Blvd Springfield, TN 37172

4.31 ac lot
Property ID
US80-1154989
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Lot 4.31 ac (187,744 SF)
UPID US80-1154989
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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