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    Old Fort Pkwy Murfreesboro, TN 37129

    For Sale
    $1,475,000

    2.71 Acres, High Traffic, Hwy Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2.71-acre commercial land parcel presents a remarkable investment opportunity in Murfreesboro, Tennessee. Located on Old Fort Parkway, this property boasts a highly desirable location with exceptional visibility and accessibility. The asking price is $1,475,000, translating to $12.50 per square foot. Zoned Commercial Highway, this site is perfectly suited for a variety of commercial developments. Its strategic position offers easy access to Interstate 24 and downtown Murfreesboro, placing it within close proximity to major transportation arteries and the vibrant city center. The property benefits from dual road access, enhancing convenience and operational efficiency. Furthermore, its proximity to Old Fort Park and Golf Course provides a picturesque backdrop, while its location near Stones River Mall and InTown Suites ensures high foot traffic and strong consumer presence. An estimated 28,661 vehicles pass this location daily, providing unparalleled exposure for any commercial venture. This is a rare opportunity to acquire a prime commercial site in a thriving market. The property's size, zoning, and location combine to create a compelling investment proposition with significant potential for future growth and return. Don't miss this chance to secure a piece of Murfreesboro's commercial landscape. The property is situated in Rutherford County, Tennessee, with a zip code of 37129.

    Property Features for 0 Old Fort Pkwy

    General Information

    Property type
    Land
    Lot Size
    118,048 SF

    HighLights

    • Price: $1,475,000 ($12.50/SF).
    • Prime location on Old Fort Parkway, a major Murfreesboro thoroughfare.
    • Across from Old Fort Park and Golf Course.
    • Commercial Highway zoning.
    • Excellent access to I‑24 and downtown Murfreesboro.
    • Near Stones River Mall and InTown Suites.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Murfreesboro
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.4258059
    Latitude
    35.8463979

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    FAQs

    What type of property is this?
    Land - 2.71 Acres, High Traffic, Hwy Zoning
    Where is this land located?
    The property is located at Old Fort Pkwy Murfreesboro, TN.
    What is the asking price?
    The asking price for this property is $1,475,000.
    What are key features of this property?
    This property features: Price: $1,475,000 ($12.50/SF).; Prime location on Old Fort Parkway, a major Murfreesboro thoroughfare.; Across from Old Fort Park and Golf Course.
    (615) 234-5020
    Request Owner's contact information
    Old Fort Pkwy 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
    Old Fort Pkwy Murfreesboro, TN 37129
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