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    1620 Williams Dr Murfreesboro, TN 37129

    Sponsored
    For Sale
    $1,900,000

    Prime 2.92-acre commercial lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.92-acre commercial land parcel, located at 1620 Williams Drive in Murfreesboro, Tennessee, presents a unique investment opportunity. Priced at $1,900,000 ($15/SF), this mixed-use zoned property offers unparalleled flexibility for a variety of development projects. The zoning permits the construction of office, retail, and high-density residential buildings, catering to diverse development needs. The lot boasts high visibility, situated in Murfreesboro's thriving gateway corridor, ensuring significant exposure for any future development. Its strategic location offers convenient proximity to Ascension St. Thomas Rutherford Hospital and the Murfreesboro Medical Clinic, making it an attractive location for businesses and residents alike. The property is grade-ready, with all utilities readily available, simplifying the development process and minimizing upfront costs. Adding to its appeal, the lot overlooks the picturesque Gateway Lake Park, providing a serene and desirable setting. The owner is willing to consider dividing the property, presenting further development options. This is a rare opportunity to acquire a prime commercial land parcel in a rapidly growing area with exceptional potential for significant return on investment. The property address is 1620 Williams Dr, Murfreesboro, TN 37129.

    Property Features for 1620 Williams Dr

    General Information

    Property type
    Land
    Lot Size
    127,195 SF

    HighLights

    • $1,900,000 price; $15 per square foot.
    • Owner will consider dividing the 2.92‑acre parcel.
    • Mixed‑use zoning allows office, retail, and high‑density residential development.
    • High‑visibility lot in Murfreesboro's Gateway Corridor.
    • Excellent location near Ascension St. Thomas Rutherford Hospital and Murfreesboro Medical Clinic.
    • Grade‑ready site with all utilities available.
    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 Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Murfreesboro
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.4222267
    Latitude
    35.8645045

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    FAQs

    What type of property is this?
    Land - Prime 2.92-acre commercial lot, ideal for development.
    Where is this land located?
    The property is located at 1620 Williams Dr Murfreesboro, TN.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: $1,900,000 price; $15 per square foot.; Owner will consider dividing the 2.92-acre parcel.; Mixed-use zoning allows office, retail, and high-density residential development.
    (615) 234-5020
    Request Owner's contact information
    1620 Williams Dr 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
    1620 Williams Dr Murfreesboro, TN 37129
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