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    Shores Rd Murfreesboro, TN 37128

    Sponsored
    For Sale
    $1,500,000

    Prime Murfreesboro lots, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional opportunity presents multiple commercial land parcels for sale in Murfreesboro, Tennessee, ranging from 1.29 to 6.26 acres. Located on Shores Rd, zip code 37128, these lots are zoned for commercial, retail, medical, and office use, offering unparalleled versatility for developers. The land boasts a strategic location, situated next to the future Vanderbilt Hospital and directly across from St. Thomas Neighborhood Hospital, TOA, Publix, and the Murfreesboro Medical Clinic, ensuring high visibility and accessibility to a substantial customer base. The property's proximity to I-840 provides convenient access to major transportation routes, further enhancing its appeal. All utilities are readily available, simplifying the development process. The asking price for these prime lots is $1,500,000, with land value ranging from $22 to $30 per square foot. This represents a significant investment opportunity in a rapidly growing area with strong medical and commercial infrastructure. Don't miss this chance to acquire land in a thriving Tennessee market.

    Property Features for 0 Shores Rd

    General Information

    Property type
    Land
    Lot Size
    56,192 SF

    HighLights

    • Zoned for commercial, retail, medical, and office use.
    • Adjacent to future Vanderbilt Hospital.
    • Across from St. Thomas Neighborhood Hospital, TOA, Publix, and Murfreesboro Medical Clinic.
    • Excellent I‑840 access.
    • All utilities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Murfreesboro
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.504974370009
    Latitude
    35.858614478343

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    FAQs

    What type of property is this?
    Land - Prime Murfreesboro lots, ideal for development.
    Where is this land located?
    The property is located at Shores Rd Murfreesboro, TN.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Zoned for commercial, retail, medical, and office use.; Adjacent to future Vanderbilt Hospital.; Across from St. Thomas Neighborhood Hospital, TOA, Publix, and Murfreesboro Medical Clinic.
    (615) 234-5020
    Request Owner's contact information
    Shores Rd 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
    Shores Rd Murfreesboro, TN 37128
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