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Property profile & analytics
OFF-MARKET
Land

0 Veterans Pkwy & New Salem Hwy Murfreesboro, TN 37128

1.75 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.75-acre commercial land parcel presents a remarkable investment opportunity in Murfreesboro, Tennessee. Strategically located at the signalized intersection of New Salem Highway and Veterans Parkway, this property boasts exceptional visibility and accessibility. With daily traffic counts exceeding 12,000 vehicles on New Salem Highway and 13,445 on Veterans Parkway, this site ensures high exposure for any business. The area is experiencing significant residential growth, with over 12,000 multi-family and single-family residential units currently under construction within a three-mile radius, guaranteeing a robust and expanding customer base. The property's prime location is further enhanced by its proximity to major retailers, including Publix, Costco, Walmart, Walgreens, McDonald's, First Bank, Dunkin', Sonic, and Dollar General, creating a thriving commercial environment. Ideal uses for this versatile land include automotive services (car wash, oil/lube), light medical facilities, quick-service restaurants (QSR), coffee shops, and daycare centers. This property offers a unique chance to capitalize on Murfreesboro's rapid growth and strong market demand in a highly visible and convenient location. The property is situated just four miles west of Interstate 24, providing easy access to regional transportation networks. Murfreesboro itself is a rapidly growing city, ranking among the fastest-growing in the US, and is home to Middle Tennessee State University, contributing to a large and diverse population. This is a rare opportunity to secure a prime commercial site in a booming market.

Property profile
Verified
Property type Land
Lot 1.75 ac (76,230 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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