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    Blackman Rd Murfreesboro, TN 37128

    Sponsored
    For Sale
    $1,996,667

    2.7 Acres, Prime Location, PCD Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.7-acre commercial land parcel presents a remarkable investment opportunity in Murfreesboro, Tennessee. Strategically located near the intersection of Veterans Parkway and I-840, this property boasts unparalleled accessibility and visibility. The land is zoned PCD, allowing for a diverse range of commercial development options, including office buildings and retail spaces. Its proximity to major thoroughfares ensures high traffic volume and convenient access for potential tenants and customers. The site's advantageous position across from a Publix supermarket and near numerous medical facilities further enhances its desirability. The asking price is $1,996,667, reflecting a price per square foot of $17. For investors seeking alternative options, the owner is open to considering a ground lease at a monthly rate of $15,000. The property's location in Rutherford County, with a 37128 zip code, offers a thriving business environment and strong potential for future growth. The parcel's APN is 093-001.20-000. This is a rare opportunity to acquire a highly desirable commercial land site in a rapidly developing area. Don't miss out on this chance to capitalize on the significant potential of this prime location.

    Property Features for 0 Blackman Rd

    General Information

    Property type
    Land
    Lot Size
    117,612 SF

    HighLights

    • 2.7‑acre commercial land parcel in Murfreesboro, TN.
    • Exceptional location near Veterans Parkway and I‑840, offering high visibility and accessibility.
    • PCD zoning allows for diverse commercial development (office, retail).
    • Located across from Publix, near medical facilities, ensuring high traffic.
    • Asking price: $1,996,667 ($17/SF); ground lease option available at $15,000/month.
    • Rutherford County (zip code 37128), APN 093‑001.20‑000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Murfreesboro
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.5018831
    Latitude
    35.8694026

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    FAQs

    What type of property is this?
    Land - 2.7 Acres, Prime Location, PCD Zoning
    Where is this land located?
    The property is located at Blackman Rd Murfreesboro, TN.
    What is the asking price?
    The asking price for this property is $1,996,667.
    What are key features of this property?
    This property features: 2.7-acre commercial land parcel in Murfreesboro, TN.; Exceptional location near Veterans Parkway and I-840, offering high visibility and accessibility.; PCD zoning allows for diverse commercial development (office, retail).
    Request Owner's contact information
    Blackman Rd 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
    Blackman Rd Murfreesboro, TN 37128
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