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    3668 Shelbyville Hwy Murfreesboro, TN 37127

    Sponsored
    For Sale
    $2,200,000

    High-traffic location, huge potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5.9-acre property in Murfreesboro, Tennessee, presents a remarkable commercial investment opportunity. Located at 3668 Shelbyville Highway, this land boasts a prime location with high visibility, receiving an estimated 31,924 daily views. Its strategic position next to MMC and directly across from the new Pep Boys ensures maximum exposure in a rapidly developing area. Currently featuring a 1,894 square foot, 1995-built house, the property offers versatile options for commercial development. The existing structure could be repurposed, renovated, or removed to accommodate a new build, depending on the buyer's vision. The property is zoned for residential use, but its commercial potential is undeniable given its location and high traffic count. Water and sewer are already on-site, simplifying the development process and reducing upfront costs. This is an unparalleled chance to establish a business in a thriving area, capitalizing on the significant growth and high visibility of this location. The asking price is $2,200,000. Don't miss this chance to secure a prominent position in Murfreesboro's bustling commercial landscape. The property is situated in Rutherford County, Tennessee, with a zip code of 37127.

    Property Features for 3668 Shelbyville Hwy

    General Information

    Property type
    Land
    Lot Size
    257,004 SF

    HighLights

    • $2,200,000 asking price
    • 5.9‑acre land parcel
    • Commercial and residential zoning permitted
    • Located at 3668 Shelbyville Hwy, Murfreesboro, TN 37127
    • High‑traffic area with 31,924 daily views.
    Property Profile 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
    State
    Tennessee
    Longitude
    -86.4046243
    Latitude
    35.7711257

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    FAQs

    What type of property is this?
    Land - High-traffic location, huge potential.
    Where is this land located?
    The property is located at 3668 Shelbyville Hwy Murfreesboro, TN.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: $2,200,000 asking price; 5.9-acre land parcel; Commercial and residential zoning permitted
    (615) 896-2733
    Request Owner's contact information
    3668 Shelbyville Hwy 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
    3668 Shelbyville Hwy Murfreesboro, TN 37127
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