1407 Medical Center Pkwy, Murfreesboro, TN 37129
This exceptional 14.17-acre mixed-use development opportunity in Murfreesboro, Tennessee, presents a unique investment prospect. Boasting 617,245 square feet of potential development space and over 684 feet of road frontage along Medical Center Parkway, this property enjoys unparalleled visibility and accessibility. Its strategic location near The Fountains at Gateway, Ascension St. Thomas Rutherford Hospital, and a vibrant array of medical offices, shopping, restaurants, apartments, and condos ensures high traffic and strong demand. The site offers convenient access to major arterial roads and Interstate 24, maximizing connectivity and reach. Imagine a mixed-use development with stunning views overlooking the Stones River and the Old Fort Golf Course. Preliminary conceptual road design plans are available for review, providing a solid foundation for future development. However, the site is highly adaptable, allowing buyers to tailor the design to their specific vision and needs. This is a rare chance to acquire a substantial parcel in a thriving area with significant growth potential. The asking price is $15,000,000. The property's size, location, and versatility make it an ideal canvas for a large-scale, impactful development project.
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
Similar Nearby for Lease
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.