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    3150 Memorial Blvd Murfreesboro, TN 37129

    Sponsored
    For Sale
    $1,500,000

    1.65 Acres, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.65-acre commercial land parcel, located at 3150 Memorial Blvd in Murfreesboro, Tennessee (zip code 37129), presents a remarkable investment opportunity. The property boasts a strategic location in the rapidly expanding North Murfreesboro area, offering high visibility and accessibility. Currently featuring two lots and a 3,250 square foot building, this site is ideal for a variety of commercial developments. Imagine the possibilities: a thriving strip center, inviting restaurants, convenient banks, diverse retail stores, modern office spaces, or a much-needed daycare facility. The property's prime location benefits from a substantial traffic count of approximately 35,068 vehicles daily, ensuring significant exposure for any business. With 29,609 rooftops within a 5-mile radius, a robust customer base is readily available. The asking price is $1,500,000, translating to $20.88 per square foot. This is a rare chance to acquire a highly desirable commercial property in one of Tennessee's fastest-growing markets. Don't miss this chance to capitalize on the exceptional potential of this prime location. Serious inquiries only.

    Property Features for 3150 Memorial Blvd

    General Information

    Property type
    Retail properties
    Lot Size
    71,874 SF

    HighLights

    • $1,500,000 asking price.
    • 1.65‑acre commercial land parcel in Murfreesboro, TN.
    • Located at 3150 Memorial Blvd, Murfreesboro, TN 37129.
    • Zoned for various commercial uses including retail, restaurants, and offices.
    • High traffic count (approx. 35,068 vehicles).
    Property Profile Location Intelligence

    Current Use by Public Records

    Jaymes Academy Child Care Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Murfreesboro
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.3830876
    Latitude
    35.8995219

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    FAQs

    What type of property is this?
    Retail property - 1.65 Acres, High Traffic Area
    Where is this retail property located?
    The property is located at 3150 Memorial Blvd Murfreesboro, TN.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price.; 1.65-acre commercial land parcel in Murfreesboro, TN.; Located at 3150 Memorial Blvd, Murfreesboro, TN 37129.
    Request Owner's contact information
    3150 Memorial Blvd 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
    3150 Memorial Blvd Murfreesboro, TN 37129
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