7960 Nolensville Rd Arrington, TN 37014
- Retail space
- 6,240 SF
- 2.50 lot acres
Current Use by Public Records
- Retail space
Property Details for 7960 Nolensville Rd
- Year built
- 1970
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.50 lot acres
- Property size
- 6,240 SF
- Property type
- Retail space
- APN
- 094113 01100
- APU
- 9411301100
Description
This exceptional 4.7-acre commercial land parcel, located at 7960 Nolensville Road in Arrington, Tennessee (zip code 37014), is offered at an asking price of $3,500,000. The property, identified by APN 113 01100 00018113, is currently owned by Circle K Stores, Inc. and zoned 1TCA. Its strategic location near the intersection of Nolensville Road and Murfreesboro Road provides excellent access to major regional roadways, ensuring convenient connectivity throughout the Arrington MSA. The land is currently vacant and presents a unique development opportunity. However, prospective buyers should be aware of specific use restrictions. These restrictions prohibit the property's use for the sale of food and beverages (with limited exceptions for vending machines and sit-down restaurants/bars), convenience store operations, gasoline or motor fuel sales, electronic cigarettes/tobacco sales, off-premises beer and wine sales, food trucks, lottery ticket sales, self-service/full-service car washes, national discount variety stores (including but not limited to Dollar General, Dollar Tree, 99 Cents Only, or Family Dollar), and any uses ancillary to these restricted activities (such as parking lots or stormwater retention ponds). This prime acreage offers significant potential for a variety of commercial ventures, subject to the aforementioned limitations. Detailed zoning information and use restrictions are available upon request. This is a rare opportunity to acquire a substantial land holding in a rapidly growing area of Williamson County.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,375,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,225,000
- 6.5%
- $2,345,000
- 7%
- $2,170,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,095,000
- Geo Method
- $2,480,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,010,000
- Retail
- $2,200,000
- Mixed-Use
- $2,445,000
- Hospitality
- $2,005,000
- Educational
- $2,590,000
- Residential Income
- $2,715,000
- Energy
- $2,640,000
- Income-Based Land
- $2,485,000
- Food Service
- $2,045,000
Location Insight
- Map
- Local Demand
- City
- Arrington
- County
- Williamson
- State
- Tennessee
- Longitude
- -86.658
- Latitude
- 35.8547
- CBSA code
- 34980
- CBSA name
- NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
