Property profile

1407 Medical Center Pkwy Murfreesboro, TN 37129

OFF-MARKET
Mixed-use properties
617,245 SF 14.17 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Mixed-use properties
Total area 617,245 SF
Lot 14.17 ac (617,245 SF)

Cap rate & NOI

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

Location

1407 Medical Center Pkwy Murfreesboro, TN 37129
Murfreesboro metro
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Value estimations

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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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