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    623 Medical Center Pkwy Murfreesboro, TN 37129

    Sponsored
    For Sale
    $1,220,000

    Prime Murfreesboro land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial land offering presents a unique investment opportunity in Murfreesboro, Tennessee. Located at 623 Medical Center Pkwy, this property comprises 2 to 5.3 acres of land zoned for heavy industrial use, making it suitable for a variety of commercial developments. The asking price is $1,220,000, translating to $14 per square foot. The seller is willing to divide the property, with a minimum parcel size of 2 acres. This prime location boasts excellent visibility and accessibility, situated near the heart of Murfreesboro and experiencing an approximate daily traffic count of 14,827 vehicles. All utilities are readily available, simplifying the development process. The property's versatility makes it ideal for office or retail development, presenting a strong potential for return on investment. This is a rare opportunity to acquire a strategically located commercial land parcel in a thriving Tennessee market. The property's size and zoning provide flexibility for various development plans, catering to a wide range of commercial ventures. Don't miss this chance to secure a piece of Murfreesboro's vibrant commercial landscape. The property is situated in Rutherford County, Tennessee, with a zip code of 37129.

    Property Features for 623 Medical Center Pkwy

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • $14 per square foot asking price.
    • Divisible to a minimum of 2 acres.
    • Suitable for office or retail use.
    • All utilities available on‑site.
    • Heavy industrial zoning.
    • Centrally located in Murfreesboro.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Law Firm Spa & Massage 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
    -86.397571546316
    Latitude
    35.85519748204

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    FAQs

    What type of property is this?
    Land - Prime Murfreesboro land, ideal for development.
    Where is this land located?
    The property is located at 623 Medical Center Pkwy Murfreesboro, TN.
    What is the asking price?
    The asking price for this property is $1,220,000.
    What are key features of this property?
    This property features: $14 per square foot asking price.; Divisible to a minimum of 2 acres.; Suitable for office or retail use.
    (615) 234-5020
    Request Owner's contact information
    623 Medical Center 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
    623 Medical Center Pkwy Murfreesboro, TN 37129
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