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    1406 Conference Center Blvd Murfreesboro, TN 37129

    Sponsored
    For Sale
    $1,908,000

    1.46 Acres, $1.9M, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.46-acre commercial land parcel, located at 1406 Conference Center Blvd in Murfreesboro, Tennessee, presents a remarkable investment opportunity. Priced at $1,908,000 ($30 per square foot), this property boasts a highly desirable location, offering unparalleled visibility from I-24's Medical Center Parkway Exit 76 and the Avenue. Its strategic position within the bustling Medical Center Parkway/the Avenue area makes it ideal for a variety of retail uses. The property is zoned for commercial development, ensuring flexibility for potential buyers. All utilities are readily available, simplifying the development process. The 37129 zip code further enhances its appeal, placing it within a thriving and rapidly growing community. This is a rare chance to acquire a prominent commercial site with significant potential for immediate development and strong long-term returns. The lot size provides ample space for a substantial retail development, catering to the high volume of traffic in this key area of Murfreesboro. Don't miss this opportunity to secure a prime piece of commercial real estate in a high-demand location.

    Property Features for 1406 Conference Center Blvd

    General Information

    Property type
    Land
    Lot Size
    63,598 SF

    HighLights

    • $1,908,000 price; $30 per square foot.
    • Excellent location at Medical Center Parkway/The Avenue intersection.
    • High visibility from I‑24 Exit 76.
    • Commercially zoned.
    • All utilities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Murfreesboro
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.4515384
    Latitude
    35.8652991

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    FAQs

    What type of property is this?
    Land - 1.46 Acres, $1.9M, High Visibility
    Where is this land located?
    The property is located at 1406 Conference Center Blvd Murfreesboro, TN.
    What is the asking price?
    The asking price for this property is $1,908,000.
    What are key features of this property?
    This property features: $1,908,000 price; $30 per square foot.; Excellent location at Medical Center Parkway/The Avenue intersection.; High visibility from I-24 Exit 76.
    Request Owner's contact information
    1406 Conference Center 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

    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
    1406 Conference Center Blvd Murfreesboro, TN 37129
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