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    3021 New Salem Hwy Murfreesboro, TN 37128

    Sponsored
    For Sale
    $1,995,000

    10.3 Acres, High Visibility, Hwy Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10.3-acre commercial land parcel presents a remarkable investment opportunity in Murfreesboro, Tennessee. Ideally situated at 3021 New Salem Highway, this property boasts unparalleled visibility and accessibility. Zoned for Commercial Highway use, it offers significant development potential for a wide range of businesses. The expansive lot features 875 feet of frontage on New Salem Highway and an additional 700 feet of frontage on Veterans Parkway, ensuring high traffic exposure and excellent brand visibility. Its strategic location provides easy access to Murfreesboro's thriving business community and State Route 840, facilitating seamless connectivity throughout the region. The property's size and zoning make it suitable for a variety of commercial ventures, from retail and restaurants to office spaces and light industrial uses. This is a rare opportunity to acquire a substantial commercial land holding in a rapidly growing area with exceptional highway frontage and convenient access to major transportation arteries. The asking price is $1,995,000. The property is located in Rutherford County, Tennessee, with a zip code of 37128. Its geographical coordinates are latitude 35.803325 and longitude -86.4754894. Don't miss this chance to secure a prime piece of commercial real estate in a highly desirable location.

    Property Features for 3021 New Salem Hwy

    General Information

    Property type
    Land
    Lot Size
    448,668 SF

    HighLights

    • Commercial Highway Zoning.
    • 875' of frontage on New Salem Hwy.
    • 700' of frontage on Veterans Pkwy.
    • Excellent access to Murfreesboro and State Route 840.
    Property Profile Location Intelligence

    Current Use by Public Records

    Salem RV & Boat ... Rv Storage Facility

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Auto Repair Shop Accounting Firm Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Murfreesboro
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.4754894
    Latitude
    35.803325

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    FAQs

    What type of property is this?
    Land - 10.3 Acres, High Visibility, Hwy Frontage
    Where is this land located?
    The property is located at 3021 New Salem Hwy Murfreesboro, TN.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: Commercial Highway Zoning.; 875' of frontage on New Salem Hwy.; 700' of frontage on Veterans Pkwy.
    (615) 234-5020
    Request Owner's contact information
    3021 New Salem Hwy Murfreesboro, TN 37128
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    Murfreesboro, TN 37128
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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
    3021 New Salem Hwy Murfreesboro, TN 37128
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