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    5612 Broad St Murfreesboro, TN 37129

    Sponsored
    For Sale
    $398,900

    Two acres, high traffic, utilities available.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional commercial land offering presents a rare opportunity in Murfreesboro, Tennessee. Comprising four contiguous half-acre lots totaling approximately two acres, this property boasts an unparalleled location on NW Broad Street, a major thoroughfare with a remarkable daily traffic count of 35,000 vehicles. The level lots are ready for immediate development, featuring readily accessible utilities. Sewer access is conveniently located at the property's edge. The asking price for the entire two-acre parcel is $398,900, representing a price per acre of $798,000. This translates to a highly attractive investment opportunity given the prime location and high visibility afforded by the substantial daily traffic volume. The property's zoning permits commercial development, making it ideal for a wide range of businesses seeking a high-traffic location with excellent accessibility. The combined acreage offers significant flexibility for development, allowing for a single large-scale project or the potential for multiple smaller developments. Don't miss this chance to secure a prominent commercial site in a thriving Tennessee market. The address is 5612 NW Broad St, Murfreesboro, TN 37129.

    Property Features for 5612 Broad St

    General Information

    Property type
    Land
    Lot Size
    21,780 SF

    HighLights

    • $398,900 asking price for commercial land.
    • Located at 5612 NW Broad St, Murfreesboro, TN 37129.
    • Commercially zoned land.
    • Lot size ranges from 0.5 to 2 acres, with a land value of $798,000 per acre.
    • Four half‑acre lots available, combinable for a total of two acres.
    • High traffic location with utilities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Murfreesboro
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.470177639982
    Latitude
    35.926918231227

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    FAQs

    What type of property is this?
    Land - Two acres, high traffic, utilities available.
    Where is this land located?
    The property is located at 5612 Broad St Murfreesboro, TN.
    What is the asking price?
    The asking price for this property is $398,900.
    What are key features of this property?
    This property features: $398,900 asking price for commercial land.; Located at 5612 NW Broad St, Murfreesboro, TN 37129.; Commercially zoned land.
    (615) 406-5553
    Request Owner's contact information
    5612 Broad St Murfreesboro, TN 37129
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    Murfreesboro, TN 37129
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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
    5612 Broad St Murfreesboro, TN 37129
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