0 Veterans Pkwy & New Salem Hwy Murfreesboro, TN 37128
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.