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    Office Corridor Gateway Blvd Murfreesboro, TN 37129

    Sponsored
    For Sale
    Contact for pricing

    Murfreesboro, TN: Prime Mixed-Use Lots

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional opportunity presents several prime commercial land parcels in Murfreesboro, Tennessee's thriving Gateway Office Corridor. Located directly across from Saint Thomas Rutherford Hospital, these lots offer unparalleled visibility and accessibility. The available properties include Lot 6A, spanning 1.57 acres and priced at $14 per square foot, and Lot 9, a sizable 2.92-acre parcel priced at $14.95 per square foot. The owner is willing to divide Lot 9 to accommodate various development needs. All lots are zoned for mixed use, permitting the construction of office, retail, and high-density residential buildings. This prime location boasts a high-traffic count on Medical Center Parkway, ensuring significant exposure for any development. The land is grade-ready, with all utilities readily available, simplifying the development process. Furthermore, the property overlooks the scenic Gateway Lake Park, providing an attractive amenity for future tenants and residents. This presents a rare chance to acquire land in a rapidly growing area with exceptional potential for significant return on investment. The strategic location, combined with the flexible zoning and readily available infrastructure, makes this an ideal opportunity for developers seeking a high-impact project in a desirable Tennessee market. Don't miss this chance to secure a piece of Murfreesboro's burgeoning Gateway Corridor.

    Property Features for Office Corridor Gateway Blvd

    General Information

    Property type
    Retail properties
    Lot Size
    68,389 SF

    HighLights

    • Lot 2 – 1.47 Acres: SOLD
    • Lot 6A – 1.57 Acres: $14/SF
    • Lot 9 – 2.92 Acres: $14.95/SF, Divisible
    • Lot 14 – 1.76 Acres: SOLD
    • Lot 17 – 1.7 Acres: SOLD, Goddard School
    • Mixed‑use zoning (office, retail, high‑density residential)
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Murfreesboro
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.4228384
    Latitude
    35.861969

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    FAQs

    What type of property is this?
    Retail property - Murfreesboro, TN: Prime Mixed-Use Lots
    Where is this retail property located?
    The property is located at Office Corridor Gateway Blvd Murfreesboro, TN.
    What are key features of this property?
    This property features: Lot 2 – 1.47 Acres: SOLD; Lot 6A – 1.57 Acres: $14/SF; Lot 9 – 2.92 Acres: $14.95/SF, Divisible
    Request Owner's contact information
    Office Corridor Gateway Blvd 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

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    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
    Office Corridor Gateway Blvd Murfreesboro, TN 37129
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