Property profile

515 College St Murfreesboro, TN 37130

OFF-MARKET
Auto shops
Property ID
US80-0994162
1,800 SF 0.28 ac lot Built 1940
Individually Owned 2-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional retail property, located at 515 W College St in Murfreesboro, Tennessee, presents a unique investment opportunity. Boasting a prominent location visible from Broad Street and providing direct access to the vibrant downtown square, this property offers unparalleled exposure to high foot traffic. The 1,800 square foot building sits on a substantial 0.28-acre lot, providing ample space for expansion, outdoor seating, or additional development. The property includes a fenced area, enhancing security and providing defined boundaries. The asking price is $850,000. This property is ideal for a variety of retail uses, benefiting from its prime location in the heart of Murfreesboro's bustling downtown area. Its visibility and size make it an attractive prospect for businesses seeking a strong presence in a thriving commercial district. The combination of building and expansive lot offers significant potential for growth and return on investment. Serious inquiries are encouraged to explore this exceptional opportunity further. Don't miss out on this chance to own a piece of Murfreesboro's vibrant downtown.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1940
Total area 1,800 SF
Lot 0.28 ac (12,153 SF)
APN 091K-K-006.01-000
UPID US80-0994162

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Garden Center

Location

515 College St Murfreesboro, TN 37130-3537
Murfreesboro metro Census 41602 NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$185k

Owner & transaction history

since 2024
Last sale
$42,000
4 recorded transactions
2024
Price N/A
1992
$42,000
1969
Price N/A
1969
Price N/A

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 515 College St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message