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Property profile

0 New Salem Hwy & Middle Tennessee Blvd Murfreesboro, TN 37129

OFF-MARKET
Land
1 ac lot
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Property summary

AI-generated overview

This exceptional commercial land offering in Murfreesboro, Tennessee, presents a unique investment opportunity. Located at the intersection of New Salem Highway and Middle Tennessee Boulevard, this property boasts excellent visibility and accessibility. The site features a range of lot sizes, from one to fourteen acres, catering to diverse development needs. A portion of the land has already been successfully sold to Circle K, demonstrating strong market demand. Remaining parcels are priced competitively, ranging from $14.75 to $22 per square foot, depending on size. The property is zoned for light industrial use, and all utilities are readily available. The land itself offers a desirable, level topography, simplifying development. Strategically situated adjacent to I-24 Exit 80, this location provides unparalleled access to major transportation arteries. The property benefits from significant frontage and convenient access points on New Salem Highway, Middle Tennessee Boulevard, and Old Salem Road. High traffic counts on New Salem Highway (approximately 20,195 vehicles) and Middle Tennessee Boulevard (approximately 17,916 vehicles) further enhance the property's commercial appeal, making it an ideal location for businesses seeking high visibility and convenient access for customers and employees. This is a rare opportunity to acquire prime commercial land in a rapidly growing area of Rutherford County, Tennessee.

Property profile

Verified
Property type Land
Lot 1 ac (43,560 SF)

Cap rate & NOI

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

Location

New Salem Hwy & Middle Tennessee 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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