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    3648 Shelbyville Hwy Murfreesboro, TN 37127

    For Sale
    $3,200,000

    5.5-acre corner lot, high traffic, commercial potential.

    Property size:
    2,503 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 5.5-acre property located at 3648 Shelbyville Hwy, Murfreesboro, TN, presents a compelling investment opportunity. Currently zoned residential, this expansive corner lot boasts significant commercial potential, situated on a major thoroughfare experiencing rapid growth. The property's strategic location offers unparalleled visibility and accessibility. With a high traffic count of 32,582 vehicles per day (data from 2013), this site is ideally positioned to capitalize on the area's burgeoning commercial activity. The property is conveniently located approximately 3/4 of a mile from a Kroger grocery store and approximately a 5-minute drive to Interstate 24, ensuring excellent connectivity and customer reach. The 2,503 square foot building on the lot is not included in the sale. All utilities are readily available on-site, simplifying development and reducing upfront costs. This is a rare chance to acquire a substantial parcel of land in a thriving market, poised for significant future appreciation. The property's size, location, and accessibility make it an exceptional choice for a wide range of commercial ventures. Serious inquiries are encouraged.

    Property Features for 3648 Shelbyville Hwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,503 SF
    Lot Size
    239,580 SF

    Building Details

    Year Built
    1984
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Murfreesboro
    County
    Rutherford County, TN
    State
    Tennessee
    Longitude
    -86.40462
    Latitude
    35.77182

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    FAQs

    What type of property is this?
    Commercial real estate - 5.5-acre corner lot, high traffic, commercial potential.
    Where is this commercial real estate located?
    The property is located at 3648 Shelbyville Hwy Murfreesboro, TN.
    What is the asking price?
    The asking price for this property is $3,200,000.
    (615) 278-9800
    Request Owner's contact information
    3648 Shelbyville Hwy Murfreesboro, TN 37127
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    Murfreesboro, TN 37127
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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
    3648 Shelbyville Hwy Murfreesboro, TN 37127
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