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    New Salem Hwy & Middle Tennessee Blvd Murfreesboro, TN 37129

    For Sale
    Contact for pricing

    Prime TN location, light industrial zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial land offering in Murfreesboro, Tennessee, presents a unique investment opportunity. Located at the intersection of New Salem Highway and Middle Tennessee Boulevard, this property boasts excellent visibility and accessibility. The site features a range of lot sizes, from one to fourteen acres, catering to diverse development needs. A portion of the land has already been successfully sold to Circle K, demonstrating strong market demand. Remaining parcels are priced competitively, ranging from $14.75 to $22 per square foot, depending on size. The property is zoned for light industrial use, and all utilities are readily available. The land itself offers a desirable, level topography, simplifying development. Strategically situated adjacent to I-24 Exit 80, this location provides unparalleled access to major transportation arteries. The property benefits from significant frontage and convenient access points on New Salem Highway, Middle Tennessee Boulevard, and Old Salem Road. High traffic counts on New Salem Highway (approximately 20,195 vehicles) and Middle Tennessee Boulevard (approximately 17,916 vehicles) further enhance the property's commercial appeal, making it an ideal location for businesses seeking high visibility and convenient access for customers and employees. This is a rare opportunity to acquire prime commercial land in a rapidly growing area of Rutherford County, Tennessee.

    Property Features for 0 New Salem Hwy & Middle Tennessee Blvd

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • Corner outparcel sold to Circle K.
    • Outparcels available, 1‑3 acres, priced at $22/SF.
    • Remaining land tracts, 9‑14 acres, priced at $14.75/SF.
    • Light Industrial zoning.
    • All utilities readily available.
    • Level topography.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Murfreesboro
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.4107474
    Latitude
    35.834136

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    FAQs

    What type of property is this?
    Land - Prime TN location, light industrial zoning.
    Where is this land located?
    The property is located at New Salem Hwy & Middle Tennessee Blvd Murfreesboro, TN.
    What are key features of this property?
    This property features: Corner outparcel sold to Circle K.; Outparcels available, 1-3 acres, priced at $22/SF.; Remaining land tracts, 9-14 acres, priced at $14.75/SF.
    (615) 234-5020
    Request Owner's contact information
    New Salem Hwy & Middle Tennessee 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
    New Salem Hwy & Middle Tennessee Blvd Murfreesboro, TN 37129
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