630 Burton St Murfreesboro, TN 37130-3615
- Retail space
- 2,880 SF
- 0.48 lot acres
Current Use by Public Records
- Casey Baird, Realtor - Murfreesboro TN Homes / Real Estate Agency
- Jonathan Rogers / Real Estate Agency
- Move With Noah / Real Estate Agency
- Benchmark Realty / Real Estate Agency
Property Details for 630 Burton St
- Year built
- 1968
- Lot size
- 0.48 lot acres
- Property size
- 2,880 SF
- Property type
- Retail space
- APN
- 091K-C-049.00-000
- APU
- 091KC04900000
Description
This exceptional 2,880-square-foot retail space, situated on a 0.48-acre lot in Murfreesboro, Tennessee, presents a unique investment opportunity. Built in 1968, this single-tenant property boasts a highly desirable location with excellent traffic and visibility. The property benefits from its proximity to major thoroughfares, including Old Fort Highway (AADT 40,000+), NW Broad Street (AADT 41,000+), and Memorial Boulevard (AADT 36,000+), ensuring high exposure and accessibility. Data reflects 2022 Annual Average Daily Traffic counts. The building features a contemporary design with a partial polished concrete floor and a high ceiling. The interior layout is well-suited for office use, including ten private keyed-entry offices, a spacious reception area, a large conference room, a kitchenette, multiple storage rooms, and two restrooms. Ample parking is available on-site. The property is offered with a Triple Net Lease (NNN) with a minimum three-year lease term and provides 24-hour access. The building has recently undergone a fresh coat of paint throughout. This property is zoned commercial and represents a compelling opportunity for businesses seeking a prominent location in a thriving Murfreesboro market.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $560,000
- 6.5%
- $515,000
- 7%
- $480,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $592,000
- AI Estimate
- $512,000
Market price range: $190k - $592kMarket price range: $143k - $513k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $385,000 Current use
- COMMERCIAL (GENERAL)
- $760,000 Change: +98% Conversion: Easy
- AUTO REPAIR, GARAGE
- $695,000 Change: +81% Conversion: Difficult
- MEDICAL BUILDING
- $535,000 Change: +40% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $485,000 Change: +27% Conversion: Moderate
- OFFICE BUILDING
- $435,000 Change: +13% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Murfreesboro
- County
- Rutherford
- State
- Tennessee
- Longitude
- -86.3978
- Latitude
- 35.8503
- CBSA code
- 34980
- CBSA name
- NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA