1720 Old Fort Pkwy Murfreesboro, TN 37129
- Super regional malls
- 97,164 SF
- 2.97 lot acres
Current Use by Public Records
- Hot Topic / Clothing Store / Fashion Accessories Store
- Dillard's / Clothing Store / Fashion Accessories Store
- rue21 / Clothing Store / Fashion Accessories Store
- Journeys / Shoe Store / Clothing Store
- Crab Fever Murfreesboro / Seafood Restaurant
Property Details for 1720 Old Fort Pkwy
- Year built
- 2006
- Lot size
- 2.97 lot acres
- Property size
- 97,164 SF
- Property type
- Super regional malls
- APN
- 091I-A-018.04-000
- APU
- 091IA01804000
Description
Stones River Town Centre, located at 1720 Old Fort Pkwy, Murfreesboro, TN 37129, offers a unique blend of enclosed mall and open-air shopping experiences. This thriving retail center boasts a total of 607,886 square feet, currently featuring 73,271 square feet of available space. The property is strategically situated in Rutherford County, within Murfreesboro's main retail corridor, just three miles west of a major university. This high-traffic location sees approximately 29,000 vehicles pass daily. The center is anchored by prominent retailers including Dillard's, JCPenney, and AMC Theatres, ensuring strong consumer draw. A diverse tenant mix further enhances the property's appeal, with notable names such as Books-A-Million, Finish Line, Shoe Carnival, Electronic Express, and Chuck E. Cheese's already established. Multiple tenancy options are available, ranging from 727 to 6,829 square feet, providing flexibility for various business needs. This presents a compelling opportunity for businesses seeking a prominent location within a well-established and successful retail center in a rapidly growing area. The property is classified as Retail, Office, and Executive Office space, offering versatility for a wide range of commercial uses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $6,690,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $7,505,000
- 6.5%
- $6,530,000
- 7%
- $6,405,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $7,060,000
- Geo Method
- $5,990,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $7,160,000
- Retail
- $6,965,000
- Mixed-Use
- $7,320,000
- Hospitality
- $5,930,000
- Educational
- $7,590,000
- Residential Income
- $5,845,000
- Energy
- $6,425,000
- Income-Based Land
- $7,750,000
- Food Service
- $7,855,000
Location Insight
- Map
- Local Demand
- City
- Murfreesboro
- County
- Rutherford
- State
- Tennessee
- Longitude
- -86.4179
- Latitude
- 35.8497
- CBSA code
- 34980
- CBSA name
- NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
