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Property profile

0 Cason Ln & New Salem Hwy Murfreesboro, TN 37128

OFF-MARKET
Land
14.19 ac lot
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Property summary

AI-generated overview

This exceptional 14.19-acre commercial land parcel presents a remarkable investment opportunity in the thriving Murfreesboro, Tennessee market. Strategically located at the intersection of Cason Lane and New Salem Highway, this property boasts unparalleled visibility and accessibility. Its prime location near Interstate 24, specifically exits 78 (Old Fort Parkway) and 80 (New Salem Highway), ensures high traffic volume and exceptional exposure for any commercial development. The site is situated along the rapidly expanding Highway 99 corridor, a key area experiencing significant growth and development. The asking price for the entire 14.19-acre tract is $1,795,000. A significant advantage for potential buyers is the owner's willingness to divide the property, offering flexibility to accommodate various development plans and sizes. This flexibility allows for tailored solutions to meet diverse business needs, making it an ideal site for a range of commercial ventures. The property's location in Rutherford County, Tennessee, and its proximity to major transportation arteries make it an attractive investment for businesses seeking a strategic foothold in a dynamic and growing market. This is a rare opportunity to acquire a substantial commercial land parcel in a high-demand area with excellent potential for future appreciation. The property is zoned for commercial use (zoning information should be independently verified). Don't miss this chance to secure a piece of Murfreesboro's vibrant commercial landscape.

Property profile

Verified
Property type Land
Lot 14.19 ac (618,116 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Cason Ln & New Salem Hwy Murfreesboro, TN 37128
Murfreesboro metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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