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Property profile & analytics
OFF-MARKET
Land

0 New Salem Hwy Murfreesboro, TN 37128

1 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 1 ac (43,560 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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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