400-Acre Mixed-Use Development
New Salem Hwy & Veterans Pkwy, Murfreesboro, TN 37128
For Sale
Contact for pricing
Ready-to-develop land in a rapidly growing Murfreesboro community.
Property SizeContact for details
Lot Size400.00 Acres
Days on Market1057
Property Features for New Salem Hwy & Veterans Pkwy
General Information
Standard status
Lot size
Property subtype
Zoning
Listing Agency:
ParkTrust Commercial
Listed By:
John Harney · License TN #221569
(615) 542-0715
Source:
Crexi
Added: Dec 21, 2023
Changed: Oct 25
Last Checked: Aug 14 at 5:58AM
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
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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.
Location Intelligence
Trade Area within ½ mile
2,120
Businesses Nearby
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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
Market
Properties on Market for Commercial land in Murfreesboro
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.
