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    1412 Gateway Blvd Murfreesboro, TN 37129

    Sponsored
    For Sale
    $5,549,544

    6.37 Acres, Mixed-Use Zoning, Owner Will Divide

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6.37-acre commercial land parcel presents a unique investment opportunity in Murfreesboro, Tennessee. Located in the heart of the Gateway Corridor, this property boasts a prime location, zoned for mixed-use development, and offers significant potential for a variety of commercial ventures. The asking price is $5,549,544, translating to $20 per square foot. The seller is willing to divide the land, providing flexibility for various project sizes and investor needs. This highly desirable area benefits from exceptional visibility and accessibility, situated just one block from St. Thomas Rutherford Hospital and The Fountains. A traffic light at the entrance to St. Thomas Rutherford Hospital ensures convenient ingress and egress. Furthermore, the property is adjacent to the future site of a Bourbon Brothers Restaurant/Entertainment complex and a 4,500-seat amphitheater, promising significant future foot traffic and increased property value. This strategic location, combined with the flexible zoning and the owner's willingness to divide the land, makes this an unparalleled opportunity for developers and investors seeking a high-impact commercial investment in a rapidly growing area of Murfreesboro. The property is situated at 1412 Gateway Blvd, Murfreesboro, TN 37129, in Rutherford County.

    Property Features for 1412 Gateway Blvd

    General Information

    Property type
    Land
    Lot Size
    277,477 SF

    HighLights

    • $20 per square foot asking price.
    • Mixed‑use zoning.
    • Owner will consider dividing the 6.37‑acre parcel.
    • One block from St. Thomas Rutherford Hospital and The Fountains.
    • Located in Murfreesboro's Gateway Corridor.
    • Traffic signal at the entrance to St. Thomas Rutherford Hospital.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Realty agency Building Supply Wholesale Shop Dental Office Spa & Massage Auto Repair Shop Auto Parts Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Murfreesboro
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.42207438
    Latitude
    35.85797925

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    FAQs

    What type of property is this?
    Land - 6.37 Acres, Mixed-Use Zoning, Owner Will Divide
    Where is this land located?
    The property is located at 1412 Gateway Blvd Murfreesboro, TN.
    What is the asking price?
    The asking price for this property is $5,549,544.
    What are key features of this property?
    This property features: $20 per square foot asking price.; Mixed-use zoning.; Owner will consider dividing the 6.37-acre parcel.
    (615) 234-5020
    Request Owner's contact information
    1412 Gateway 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
    1412 Gateway Blvd Murfreesboro, TN 37129
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