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    120 Main St Murfreesboro, TN 37130

    Sponsored
    For Lease
    $21 SF/Yr

    Prime Downtown Office, Retail Opportunity

    Lot size:
    25,927 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional three-story commercial property, located at 120 E Main St, Murfreesboro, offers up to 8,000 square feet of flexible retail or office space for lease. The building, formerly occupied by Bank of America, boasts a total of 25,927 square feet and sits on a 1.24-acre lot in the heart of Murfreesboro's Central Business District (CBD), zoned accordingly. Its convenient location offers easy access to Interstate 24, major retail centers, and numerous area amenities. The building features 102 parking spaces, adding significant convenience for tenants and their clients. Built in 1978, the property benefits from an elevator for efficient multi-floor access. This prime location within Murfreesboro's thriving and walkable Historic Square provides excellent visibility and foot traffic. The available space is ideal for a variety of businesses seeking a prominent presence in a vibrant downtown setting. The property's multiple tenancy allows for flexibility in lease terms and space configuration. The APN is 091NB-D-001.00-000, and the property is situated near Spring St in Rutherford County. This is a rare opportunity to secure a well-located, established commercial space in a high-demand area. Inquire today to learn more about lease options and explore the potential of this exceptional property.

    Property Features for 120 Main St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,927 SF
    Total Rate
    45372.25

    Building Details

    Year Built
    1978
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    First Floor
    Size
    5,000 SF
    Rate per SF
    $21
    Space
    Second Floor
    Size
    3,000 SF

    HighLights

    • Up to 8,000 SF of retail/office space available for lease.
    • Former Bank of America building.
    • Located near Murfreesboro Square in a thriving, walkable area.
    • Convenient access to I‑24, major retailers, and area amenities.
    • Three‑story building totaling 25,927 square feet on a 1.24‑acre lot, built in 1978.
    • 102 parking spaces and elevators available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Merrill Lynch Financial ... Financial Planner KST Performance Academy ... Music School PPC Parking Transportation Service Taylor Law Group Criminal Justice Attorney Ignite Healthcare Health Consultant

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Law Firm Hair Salon Nail Salon Clothing Store Building Supply Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Murfreesboro
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.39015493159
    Latitude
    35.845868038775

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    FAQs

    What type of property is this?
    Restaurant - Prime Downtown Office, Retail Opportunity
    Where is this restaurant located?
    The property is located at 120 Main St Murfreesboro, TN.
    What is the lease rate?
    The lease rate is $0.00-$21 SF/Yr.
    What are key features of this property?
    This property features: Up to 8,000 SF of retail/office space available for lease.; Former Bank of America building.; Located near Murfreesboro Square in a thriving, walkable area.
    Request Owner's contact information
    120 Main St Murfreesboro, TN 37130
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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
    120 Main St Murfreesboro, TN 37130
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