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    Mixed-use properties

    1407 Medical Center Pkwy, Murfreesboro, TN 37129

    617,245 SF 14.17 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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