Murfreesboro Rd Lebanon, TN 37087
This exceptional 38.01-acre commercial land parcel presents a significant investment opportunity in Lebanon, Tennessee. Strategically located on the south side of town, this property boasts unparalleled visibility and accessibility. The land itself is primarily level to gently rolling, offering considerable flexibility for development. With 569 feet of frontage on Highway 231 and an additional 425 feet on Stumpy Lane, this site provides ample space for a wide range of commercial ventures. Its current zoning designation is Commercial Services, making it suitable for various uses. The property's proximity to Interstate 40 (less than one mile from Exit 238) ensures convenient access for both local and regional businesses. This prime location offers exceptional potential for high traffic volume and strong visibility, making it an ideal investment for developers seeking a high-impact commercial project. Further details, including potential uses and development plans, are available in the media section. This is a rare opportunity to acquire a substantial commercial land holding in a rapidly growing area. Don't miss this chance to secure a piece of Lebanon's thriving commercial landscape. The asking price for this exceptional property is $3,900,000.
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
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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.