New Salem Hwy Murfreesboro, TN 37128
- Land
- 1.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 New Salem Hwy
- Lot size
- 1.00 lot acres
- Property type
- Land
Description
This exceptional commercial land offering in Murfreesboro, Tennessee presents a unique investment opportunity. Encompassing a substantial acreage ranging from 1 to 400 acres, this property is strategically located along New Salem Highway and Veterans Parkway, providing significant road frontage and excellent visibility. The land is zoned for a variety of commercial uses, including retail and office development, offering considerable flexibility for diverse projects. The seller is willing to subdivide the land to accommodate various development needs. All utilities are readily available, simplifying the development process. A portion of the property, specifically 19.3 acres, is also zoned for multi-family development, allowing for up to 175 units. This parcel is priced separately at $4,500,000. Situated in a high-growth corridor, this location benefits from a projected 13.6% population increase by 2026 and an average household income of $96,193 within a five-mile radius. The area's development is further enhanced by a new school complex and numerous new residential projects. Proximity to I-840 and I-24 ensures excellent accessibility and connectivity. This prime location offers unparalleled potential for significant return on investment. The asking price for the entire acreage is $48,000,000. Detailed information and subdivision options are available upon request.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Murfreesboro
- County
- Rutherford
- State
- Tennessee
- Longitude
- -86.4521
- Latitude
- 35.8121
