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    2940 Rutherford Blvd Murfreesboro, TN 37130

    Sponsored
    For Sale
    $695,000

    Prime 1.08-acre lot, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.08-acre commercial lot is situated within the thriving College Central Shopping Center in Murfreesboro, Tennessee, at 2940 S Rutherford Blvd, zip code 37130. Boasting a highly desirable Planned Commercial Development (PCD) zoning, this level site offers unparalleled visibility and accessibility, experiencing approximately 30,000 cars daily. Its strategic location near Middle Tennessee State University (MTSU) ensures a robust and diverse customer base. The property is also designated as a Qualified Opportunity Zone (QOZ), presenting significant investment advantages. The lot provides six points of ingress/egress on S. Rutherford Blvd, enhancing convenience and traffic flow. Pre-existing plans for a 5,000 square foot auto care facility are available upon request, showcasing the site's adaptability. Beyond this, the property is ideally suited for a variety of uses, including freestanding or in-line medical offices, retail establishments, and quick-service restaurants (QSRs). This is a rare opportunity to acquire a high-traffic, strategically located commercial lot in a rapidly growing area. The asking price for this exceptional property is $695,000.

    Property Features for 2940 Rutherford Blvd

    General Information

    Property type
    Land
    Lot Size
    47,045 SF

    HighLights

    • 5,000 SF auto care facility plans available.
    • Suitable for freestanding or in‑line medical, retail, or quick‑service restaurant (QSR) uses.
    • Six points of ingress/egress on S. Rutherford Blvd.
    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 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
    -86.346941
    Latitude
    35.833174

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    FAQs

    What type of property is this?
    Land - Prime 1.08-acre lot, high visibility.
    Where is this land located?
    The property is located at 2940 Rutherford Blvd Murfreesboro, TN.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: 5,000 SF auto care facility plans available.; Suitable for freestanding or in-line medical, retail, or quick-service restaurant (QSR) uses.; Six points of ingress/egress on S. Rutherford Blvd.
    (615) 896-4040
    Request Owner's contact information
    2940 Rutherford Blvd 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
    2940 Rutherford Blvd Murfreesboro, TN 37130
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