For Sale
$5,750,000

3550 Shelbyville Hwy Murfreesboro, TN 37127

High-traffic grocery & pharmacy complex

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 2,526 square foot retail property, located at 3550 Shelbyville Hwy in Murfreesboro, Tennessee, presents a lucrative investment opportunity. Currently operating at 100% occupancy as a single-tenant grocery store and pharmacy, this property boasts a gross lease and sits on a substantial 8.3-acre lot. Built in 1993, the building features a composition shingle roof. The asking price is $5,750,000, translating to $2,276 per square foot. The property is zoned residential (Res), although its current use is commercial. A proposed traffic light installation at the south corner of the driveway is currently under city review, promising increased visibility and accessibility. All utilities are available, and new commercial highway utilities are nearby. The property is being sold as-is and the owner will not consider splitting the sale. This is a rare opportunity to acquire a well-established, high-performing retail center in a thriving Tennessee market. The property's size and location make it ideal for continued operation or potential redevelopment. Tax records confirm the 8.3-acre lot size and 2,526 square foot building size.

Highlights

  • 8.30-acre lot, per tax records.
  • Exclusive listing agreement.
  • Composition shingle roof.
  • 2,526 square feet, per tax records.
  • Property sold as-is.

Property Details for 3550 Shelbyville Hwy

Property type
Lifestyle centers, Power centers
Square Feet
2,526 SF
Year Built
1993
Lot Size (sq. ft)
361,548 SF

Location Insight

City
Murfreesboro
County
Rutherford
State
Tennessee
Latitude
35.775167985353
Longitude
-86.402151440523

FAQs

What type of property is this?
Lifestyle center - High-traffic grocery & pharmacy complex
Where is the lifestyle center located?
The property is located at 3550 Shelbyville Hwy Murfreesboro, TN.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: 8.30-acre lot, per tax records.; Exclusive listing agreement.; Composition shingle roof.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3550 Shelbyville Hwy
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