400-Acre Mixed-Use Development
For Sale
Contact for pricing
New Salem Hwy & Veterans Pkwy, Murfreesboro, TN 37128
Ready-to-develop land in a rapidly growing Murfreesboro community.
Property SizeContact for details
Lot Size400.00 Acres
Days on Market962
Property Features for New Salem Hwy & Veterans Pkwy
General Information
Standard status
Active
Lot size
400.00 Acres
Property subtype
Land
Zoning
Commercial
Listing Agency:
ParkTrust Commercial
(615) 896-4045
Listed By:
John Harney · License #TN 221569
Source:
Crexi
Added: Dec 21, 2023
Changed: Aug 8
Last Checked: Aug 8 at 4:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ParkTrust Commercial
Investment Insights
Based on property information with market context.
This 400-acre property is zoned to accommodate multi-family, single-family, office, and other commercial developments in a mixed-use environment. The location offers major road frontage on New Salem Highway/Highway 99 and Veterans Parkway, Murfreesboro’s connector that runs from I-24 E around to I-40. New Salem Highway is experiencing high growth, evidenced by a nearby new school complex and new residential and commercial developments. The community is projected to experience a 13.6% population growth by 2026. The average household incomes are $113,541 and $96,193 within a mile and five-mile radius of the property, respectively. Nearby retailers include Walmart Neighborhood Center, Publix Super Market, Costco Wholesale, Walgreens, and CVS.
Key Highlights
- 400‑acre property zoned for mixed‑use development, suitable for multi‑family, single‑family, office, and commercial projects.
- Located in a rapidly growing community near Nashville/Murfreesboro.
- Major road frontage** on New Salem Highway/Highway 99 and Veterans Parkway.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Explore this area
Business Placement
Demographics for 37128, TN
70,329
Population
29,190
Households
2.4
Avg Household Size
34
Median Age
38%
College-Educated
95%
High-School Grad
56.7 sq mi
ZIP Area
1,240
Density / Sq Mi
$89,069
Median Household Income
$46,844
Median Earnings
$1,514
Median Rent
$364,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Ready-to-develop land in a rapidly growing Murfreesboro community.
Where is this commercial land located?
The property is located at New Salem Hwy & Veterans Pkwy Murfreesboro, TN.
What are key features of this property?
This property features: 400‑acre property **zoned for mixed‑use development**, suitable for multi‑family, single‑family, office, and commercial projects.; Located in a rapidly growing community near Nashville/Murfreesboro.; Major road frontage** on New Salem Highway/Highway 99 and Veterans Parkway.
