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    New Salem Hwy & Veterans Pkwy Murfreesboro, TN 37128

    Sponsored
    For Sale
    Contact for pricing

    1.31-1.48 Acres, Zoned Commercial

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.31 to 1.48-acre commercial land parcel presents a remarkable investment opportunity in Murfreesboro, Tennessee. Ideally situated at the intersection of New Salem Highway and Veterans Parkway, this property boasts dual road access and is zoned for commercial use, making it perfect for a variety of ventures. All utilities are readily available, and the site is drive-thru capable, catering to the needs of retail, restaurant, or fast-food establishments. The land is priced at $204 per square foot, reflecting its prime location and development potential within the thriving Veterans Parkway Loop. This high-traffic area offers excellent visibility and accessibility, ensuring strong potential for business success. The property's size and zoning provide ample flexibility for various development plans, making it an attractive option for both established businesses and new ventures seeking a strategic location in a rapidly growing market. With its convenient access to major thoroughfares and a vibrant community, this commercial land parcel represents a compelling investment opportunity in a desirable Tennessee location. The property is located in Rutherford County, Tennessee, with a zip code of 37128.

    Property Features for 0 New Salem Hwy & Veterans Pkwy

    General Information

    Property type
    Land
    Lot Size
    57,064 SF

    HighLights

    • Price: $204 per square foot.
    • Zoned Commercial.
    • All Utilities Available.
    • Dual Road Access (New Salem Highway & Veterans Parkway).
    • Drive‑Thru Capable.
    • Ideal for Retail, Restaurant, or Fast Food.
    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 - 1.31-1.48 Acres, Zoned Commercial
    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: Price: $204 per square foot.; Zoned Commercial.; All Utilities Available.
    (615) 234-5020
    Request Owner's contact information
    New Salem Hwy & Veterans Pkwy Murfreesboro, TN 37128
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    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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