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    4283 Old Salem Rd Rockvale, TN 37153

    For Sale
    $2,000,000

    High-visibility corner lot, development potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional 4.33-acre commercial property presents a remarkable investment opportunity in the thriving Rockvale, TN market. Located on a highly visible corner at the intersection of Old Salem Road and Veterans Parkway, this parcel boasts significant potential for a variety of commercial developments. The property is currently zoned for commercial highway use, offering multiple development options for discerning investors. Recently cleared, the land is ready for immediate development, eliminating costly site preparation. Its prime location ensures high traffic visibility and easy accessibility, making it an ideal site for retail, office, or light industrial uses. While sewer access is not currently on-site, the sellers are actively working to secure an easement, streamlining the development process. To further enhance flexibility for potential buyers, the sellers are open to considering subdividing the tract or negotiating a long-term ground lease. This presents a unique opportunity to acquire a strategically located property with significant upside potential in a rapidly growing area. The asking price of $2,000,000 reflects the property's exceptional location, development readiness, and the potential for substantial returns. Don't miss this chance to secure a prime piece of Rockvale real estate. Contact us today to learn more and schedule a site visit.

    Property Features for 4283 Old Salem Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    188,615 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Auto Repair Shop Storage Facility HVAC Service Electrical Service Convenience Store Italian Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockvale
    County
    Rutherford County, TN
    State
    Tennessee
    Longitude
    -86.481
    Latitude
    35.80751

    Nearby Comparable

    • Contact for pricing
      1.31 Acres

      Prime Murfreesboro Commercial Land

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      0 New Salem Hwy & Veterans Pkwy, Murfreesboro, TN 37128
      View Details
    • Contact for pricing
      1.00 Acre

      Murfreesboro Commercial Land Opportunity

      Prime Murfreesboro land, mixed-use zoning.
      0 New Salem Hwy & Veterans Pkwy, Murfreesboro, TN 37128
      View Details
    • $1,995,000
      10.30 Acres

      Prime Murfreesboro Commercial Land

      10.3 Acres, High Visibility, Hwy Frontage
      3021 New Salem Hwy, Murfreesboro, TN 37128
      View Details
    • $499,950

      Commercial Lot in Growing Area

      Premium commercial lot in a rapidly growing Murfreesboro location.
      2816 Saint Andrews Dr, Murfreesboro, TN 37128
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    • $5,410,000
      14,820 SF

      Retail Property Near Saint Thomas

      NNN leased retail property with strong traffic and parking.
      2708 New Salem Hwy, Murfreesboro, TN 37128
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    • $5,410,000
      14,820 SF

      Walgreens NNN Investment, Murfreesboro, TN

      High-yield, long-term Walgreens investment.
      2708 New Salem Hwy, Murfreesboro, TN 37128
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - High-visibility corner lot, development potential.
    Where is this commercial real estate located?
    The property is located at 4283 Old Salem Rd Rockvale, TN.
    What is the asking price?
    The asking price for this property is $2,000,000.
    (615) 896-4040
    Request Owner's contact information
    4283 Old Salem Rd Rockvale, TN 37153
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    Rockvale, TN 37153
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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
    4283 Old Salem Rd Rockvale, TN 37153
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