Technical
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Property profile

Office Corridor Gateway Blvd Murfreesboro, TN 37129

OFF-MARKET
Retail properties & Spaces
1.57 ac lot
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Property summary

AI-generated overview

This exceptional opportunity presents several prime commercial land parcels in Murfreesboro, Tennessee's thriving Gateway Office Corridor. Located directly across from Saint Thomas Rutherford Hospital, these lots offer unparalleled visibility and accessibility. The available properties include Lot 6A, spanning 1.57 acres and priced at $14 per square foot, and Lot 9, a sizable 2.92-acre parcel priced at $14.95 per square foot. The owner is willing to divide Lot 9 to accommodate various development needs. All lots are zoned for mixed use, permitting the construction of office, retail, and high-density residential buildings. This prime location boasts a high-traffic count on Medical Center Parkway, ensuring significant exposure for any development. The land is grade-ready, with all utilities readily available, simplifying the development process. Furthermore, the property overlooks the scenic Gateway Lake Park, providing an attractive amenity for future tenants and residents. This presents a rare chance to acquire land in a rapidly growing area with exceptional potential for significant return on investment. The strategic location, combined with the flexible zoning and readily available infrastructure, makes this an ideal opportunity for developers seeking a high-impact project in a desirable Tennessee market. Don't miss this chance to secure a piece of Murfreesboro's burgeoning Gateway Corridor.

Property profile

Verified
Property type Retail properties & Spaces
Lot 1.57 ac (68,389 SF)

Cap rate & NOI

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

Location

Office Corridor Gateway Blvd Murfreesboro, TN 37129
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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