120 Main St Murfreesboro, TN 37130
- Office buildings
- 28,699 SF
- 1.20 lot acres
Current Use by Public Records
- Merrill Lynch Financial Advisor J Brett Whitmore / Financial Consultant / Financial Planner
- KST Performance Academy (Piano, Voice, Theatre Lessons & Classes) / Music Instructor / Performing Arts Group
- PPC Parking / Transportation Service
- Taylor Law Group / Criminal Justice Attorney
- Ignite Healthcare / Health Consultant
Property Details for 120 Main St
- Year built
- 1978
- Construction
- FRAME
- Lot size
- 1.20 lot acres
- Property size
- 28,699 SF
- Property type
- Office buildings
- APN
- 091NB-D-001.00-000
- APU
- 091NBD00100000
Description
This exceptional three-story commercial property, located at 120 E Main St, Murfreesboro, offers up to 8,000 square feet of flexible retail or office space for lease. The building, formerly occupied by Bank of America, boasts a total of 25,927 square feet and sits on a 1.24-acre lot in the heart of Murfreesboro's Central Business District (CBD), zoned accordingly. Its convenient location offers easy access to Interstate 24, major retail centers, and numerous area amenities. The building features 102 parking spaces, adding significant convenience for tenants and their clients. Built in 1978, the property benefits from an elevator for efficient multi-floor access. This prime location within Murfreesboro's thriving and walkable Historic Square provides excellent visibility and foot traffic. The available space is ideal for a variety of businesses seeking a prominent presence in a vibrant downtown setting. The property's multiple tenancy allows for flexibility in lease terms and space configuration. The APN is 091NB-D-001.00-000, and the property is situated near Spring St in Rutherford County. This is a rare opportunity to secure a well-located, established commercial space in a high-demand area. Inquire today to learn more about lease options and explore the potential of this exceptional property.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,700,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,690,000
- 6.5%
- $3,670,000
- 7%
- $3,340,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,845,000
- Geo Method
- $3,420,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,110,000
- Retail
- $3,415,000
- Mixed-Use
- $3,245,000
- Hospitality
- $3,995,000
- Educational
- $3,160,000
- Residential Income
- $3,305,000
- Energy
- $3,635,000
- Income-Based Land
- $3,810,000
- Food Service
- $3,525,000
Location Insight
- Map
- Local Demand
- City
- Murfreesboro
- County
- Rutherford
- State
- Tennessee
- Longitude
- -86.3907
- Latitude
- 35.8454
- CBSA code
- 34980
- CBSA name
- NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
