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    00 New Salem Hwy Murfreesboro, TN 37128

    Sponsored
    For Sale
    $1,795,000

    14.19 Acres, $1.795M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 14.19-acre commercial land parcel presents a unique investment opportunity in Murfreesboro, Tennessee. Located in Rutherford County, at 00 New Salem Hwy, zip code 37128, this property boasts a highly desirable location near I-24, easily accessible via Exits 78 (Old Fort Parkway) and 80 (New Salem Highway). The site is situated on the rapidly developing Highway 99 corridor, promising significant future growth potential. Zoned for commercial use, this land is ideally suited for a variety of development projects. The asking price is $1,795,000, representing a compelling value for this strategically positioned acreage. The seller is willing to divide the property, offering flexibility for various development scales and investor needs. This presents a rare chance to acquire a substantial land holding in a thriving Tennessee market with excellent highway access and strong growth prospects. Serious inquiries are encouraged.

    Property Features for 00 New Salem Hwy

    General Information

    Property type
    Land
    Lot Size
    618,116 SF

    HighLights

    • 14.19‑acre commercial land site for sale in Murfreesboro, TN for $1,795,000.
    • Owner will divide the site into smaller commercial parcels.
    • Excellent location near I‑24, Exits 78 & 80.
    • Situated on the rapidly developing Highway 99 corridor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Dental Office Spa & Massage Law Firm Building Supply Wholesale Shop Hair Salon Auto Repair Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Murfreesboro
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.44103834515
    Latitude
    35.814213287442

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    FAQs

    What type of property is this?
    Land - 14.19 Acres, $1.795M
    Where is this land located?
    The property is located at 00 New Salem Hwy Murfreesboro, TN.
    What is the asking price?
    The asking price for this property is $1,795,000.
    What are key features of this property?
    This property features: 14.19-acre commercial land site for sale in Murfreesboro, TN for $1,795,000.; Owner will divide the site into smaller commercial parcels.; Excellent location near I-24, Exits 78 & 80.
    (615) 234-5020
    Request Owner's contact information
    00 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
    00 New Salem Hwy Murfreesboro, TN 37128
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