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Property profile

0 Cason Ln Murfreesboro, TN 37128

OFF-MARKET
Land
1.3 ac lot
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Property summary

AI-generated overview

This 1.3-acre commercial lot, designated as Lot 6 in the Ognios at Foxcroft development in Murfreesboro, Tennessee, presents a unique investment opportunity. Located on Cason Ln, Lot 6 (APN 114 004.00) boasts a flat topography and is ideally situated for immediate development. The property benefits from the recently completed extension of Foxcroft Road, providing excellent accessibility. All essential utilities, including city sewer, are readily available on-site. This strategic location offers unparalleled connectivity, with proximity to major retail centers and convenient access to two Interstate 24 exits. Furthermore, the lot sits at a high-traffic intersection on Murfreesboro's west side, boasting a remarkable 19,967 daily vehicle count (TDOT data, 2023). The surrounding area is characterized by a high density of single-family and multi-family residential developments, creating a robust and growing market for commercial ventures. This prime parcel is priced at $875,000 and offers significant potential for a variety of commercial uses, capitalizing on its exceptional location and infrastructure. The property's flat terrain simplifies development, minimizing site preparation costs and accelerating project timelines. This is an exceptional opportunity to acquire a highly desirable commercial lot in a rapidly expanding area of Murfreesboro. The zip code is 37128.

Property profile

Verified
Property type Land
Lot 1.3 ac (56,628 SF)

Cap rate & NOI

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

Location

Cason Ln Murfreesboro, TN 37128
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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