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    2503 Memorial Blvd Springfield, TN 37172

    For Sale
    $750,000

    High-visibility Hwy 41 lot, home & outbuilding.

    Property size:
    907 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 1.04-acre commercial property is ideally situated on Memorial Boulevard (Highway 41) in Springfield, Tennessee, offering significant development potential. The property boasts excellent visibility and high traffic counts, making it an attractive location for a variety of commercial ventures. The existing structures on the site include a home and an outbuilding, which could be repurposed or removed to accommodate new construction. The 907 square foot home provides immediate income potential or could serve as office space. The outbuilding offers additional storage or workspace. The property's prime location on a major thoroughfare presents a rare opportunity for businesses seeking high visibility and accessibility. The large lot size allows for ample space for development, expansion, or parking. This property is zoned for commercial use (verification required by buyer), making it suitable for a wide range of businesses. The asking price of $750,000 reflects the property's exceptional location and development potential. Serious inquiries are encouraged. This is a unique opportunity to acquire a highly visible commercial property in a growing area. Don't miss out on this chance to establish your business in a prime Springfield location.

    Property Features for 2503 Memorial Blvd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    907 SF
    Lot Size
    45,302 SF

    Building Details

    Year Built
    1935
    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
    -86.8691
    Latitude
    36.48911

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    FAQs

    What type of property is this?
    Commercial real estate - High-visibility Hwy 41 lot, home & outbuilding.
    Where is this commercial real estate located?
    The property is located at 2503 Memorial Blvd Springfield, TN.
    What is the asking price?
    The asking price for this property is $750,000.
    (615) 384-2424
    Request Owner's contact information
    2503 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
    2503 Memorial Blvd Springfield, TN 37172
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