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    New Salem Hwy & Veterans Pkwy Murfreesboro, TN 37128

    For Sale
    Contact for pricing

    Prime Murfreesboro land, mixed-use zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 400-acre tract in Murfreesboro, Tennessee, presents a unique mixed-use development opportunity. Located at the intersection of New Salem Highway (Highway 99) and Veterans Parkway, this property boasts significant road frontage and convenient access to Interstates 24 and 840. Parcels ranging from 2 to 100 acres are available, with a 19.3-acre section specifically zoned for multi-family development. All utilities are readily available, supporting a wide range of commercial and residential projects. The area is experiencing rapid growth, with a projected 13.6% population increase by 2026, and boasts strong demographics, including average household incomes exceeding $113,000 within a one-mile radius. The property's strategic location near established retail giants like Walmart, Publix, Costco, Walgreens, and CVS further enhances its appeal and potential for attracting additional businesses. This site is ideally suited for a live-work-play environment, capitalizing on the burgeoning Murfreesboro community and its proximity to Nashville. Pricing is available upon request. This is a rare chance to acquire a substantial land holding in one of Tennessee's fastest-growing areas.

    Property Features for 0 New Salem Hwy & Veterans Pkwy

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • 400‑acre mixed‑use development site in Murfreesboro, TN.
    • Parcels ranging from 2 to 100 acres available, including a 19.3‑acre multi‑family zoned parcel.
    • All utilities are available on‑site.
    • Excellent location near I‑24 and I‑840, with significant road frontage on New Salem Highway (Highway 99) and Veterans Parkway.
    • Price available upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Murfreesboro
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.4783957
    Latitude
    35.8036233

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    FAQs

    What type of property is this?
    Land - Prime Murfreesboro land, mixed-use zoning.
    Where is this land located?
    The property is located at New Salem Hwy & Veterans Pkwy Murfreesboro, TN.
    What are key features of this property?
    This property features: 400-acre mixed-use development site in Murfreesboro, TN.; Parcels ranging from 2 to 100 acres available, including a 19.3-acre multi-family zoned parcel.; All utilities are available on-site.
    (615) 234-5020
    Request Owner's contact information
    New Salem Hwy & Veterans Pkwy Murfreesboro, TN 37128
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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
    New Salem Hwy & Veterans Pkwy Murfreesboro, TN 37128
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