Corner Lot Commercial
1703 Bradyville Pike Murfreesboro, TN 37130
1703 Bradyville Pike, Murfreesboro, TN, 37130
$900,000
For Sale
$900,000
Commercial property on a corner lot in a high-traffic area.
Property Size1,995 SF
Price / SF$451.13
Days on Market424
Property Features for 1703 Bradyville Pike
General Information
- Standard status
- Active
- Size
- 1,995 SF
Building Details
- Year Built
- 1967
Listing Agency
CENTURY 21 PRESTIGE NASHVILLE
(615) 361-5010
Listed by
TODD MANGRUM
Source
Corcoran
Added: May 22, 2025 Checked: Mar 16 at 9:09 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 PRESTIGE NASHVILLE
Investment Insights
Based on property information with market context.
This commercial property includes a building and lot situated on a corner location within a high-traffic area. The property encompasses 1995 square feet. Originally utilized as a pharmacy and gas station, the property presents opportunities for various business ventures, including retail, daycare, or automotive-related purposes. The building includes two restrooms.
Key Highlights
- High‑traffic corner lot location offers excellent visibility and business potential.
- Versatile commercial property suitable for various uses (retail, daycare, etc.).
- Includes both building and lot in the sale.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.1k | $18.60 |
| − Vacancy | −$1.5k | −$0.74 |
| EGI | $35.6k | $17.86 |
| − OpEx | −$8.9k | −$4.46 |
| NOI | $26.7k | $13.39 |
1,995 SF · lease $18.60/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$381.7K
$334.0K – $445.3K
NOI $26,717 @ 7.0% cap · market cap 2.97%
Second Best
Retail
$331.5K
$290.1K – $386.8K
NOI $23,206 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$502.9K
$440.1K – $586.8K
NOI $35,206 @ 7.0% cap · market cap 3.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Drug stores
Similar For Sale Nearby
Similar Off Market Nearby
- Kevin L. Clement, PharmD — Plaza South Shopping Center, 1622 Middle Tennessee Blvd, Murfreesboro, TN 37130
- Sherri Garrett, DPH — Plaza South Shopping Center, 1622 Middle Tennessee Blvd, Murfreesboro, TN 37130
- Pamala Todd — 1622 Middle Tennessee Blvd, Murfreesboro, TN 371305108
- Paula Todd, FNP — Plaza South Shopping Center, 1622 Middle Tennessee Blvd, Murfreesboro, TN 37130
- Wendy Shawver — 1622 Middle Tennessee Blvd, Murfreesboro, TN 371305108
FAQs
What type of property is this?
Drug store - Commercial property on a corner lot in a high-traffic area.
Where is this drug store located?
The property is located at 1703 Bradyville Pike Murfreesboro, TN.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: High‑traffic corner lot location offers **excellent visibility and business potential**.; Versatile commercial property suitable for various uses (retail, daycare, etc.).; Includes both building and lot in the sale.
