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Property profile

0 Blackman Rd Murfreesboro, TN 37128

OFF-MARKET
Land
2.7 ac lot
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Property summary

AI-generated overview

This exceptional 2.7-acre commercial land parcel presents a remarkable investment opportunity in Murfreesboro, Tennessee. Strategically located near the intersection of Veterans Parkway and I-840, this property boasts unparalleled accessibility and visibility. The land is zoned PCD, allowing for a diverse range of commercial development options, including office buildings and retail spaces. Its proximity to major thoroughfares ensures high traffic volume and convenient access for potential tenants and customers. The site's advantageous position across from a Publix supermarket and near numerous medical facilities further enhances its desirability. The asking price is $1,996,667, reflecting a price per square foot of $17. For investors seeking alternative options, the owner is open to considering a ground lease at a monthly rate of $15,000. The property's location in Rutherford County, with a 37128 zip code, offers a thriving business environment and strong potential for future growth. The parcel's APN is 093-001.20-000. This is a rare opportunity to acquire a highly desirable commercial land site in a rapidly developing area. Don't miss out on this chance to capitalize on the significant potential of this prime location.

Property profile

Verified
Property type Land
Lot 2.7 ac (117,612 SF)

Cap rate & NOI

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

Location

Blackman Rd Murfreesboro, TN 37128
Murfreesboro metro
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Value estimations

Realmo proprietary · 4 methods
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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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