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    3455 Lebanon Rd Murfreesboro, TN 37129

    Sponsored
    For Sale
    $2,000,000

    2.98 Acres, Zoned CH, $2M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.98-acre commercial land parcel presents a remarkable investment opportunity in the rapidly growing Murfreesboro, Tennessee market. Located at 3455 Lebanon Road, in Rutherford County, zip code 37129, this property boasts a highly desirable CH zoning designation, perfectly suited for a variety of commercial ventures. The land is currently vacant and ready for immediate development, offering significant potential for future growth and profitability. All utilities are readily available, simplifying the development process and minimizing upfront costs. With a land value of $15.41 per square foot, this property represents a compelling acquisition at an asking price of $2,000,000. Its strategic location along Lebanon Road places it within a corridor of significant commercial activity and future expansion, ensuring high visibility and accessibility for any future development. The property's size and zoning make it ideal for a wide range of commercial uses, from retail and restaurants to office spaces and light industrial facilities. This is a rare opportunity to secure a prime piece of commercial real estate in one of Tennessee's fastest-growing cities. Don't miss this chance to capitalize on the burgeoning commercial market in Murfreesboro.

    Property Features for 3455 Lebanon Rd

    General Information

    Property type
    Land
    Lot Size
    129,809 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Nail Salon Clothing Store Auto Repair Shop Skin Care Clinic Gym & Fitness HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Murfreesboro
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.383824488625
    Latitude
    35.914869732859

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    FAQs

    What type of property is this?
    Land - 2.98 Acres, Zoned CH, $2M
    Where is this land located?
    The property is located at 3455 Lebanon Rd Murfreesboro, TN.
    What is the asking price?
    The asking price for this property is $2,000,000.
    Request Owner's contact information
    3455 Lebanon Rd 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
    3455 Lebanon Rd Murfreesboro, TN 37129
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