1412 Gateway BlvdMurfreesboro, TN 37129

  • Commercial land
  • 3.57 AC
For Sale
$5,549,544 View listing

Property Details for 1412 Gateway Blvd

Lot size
3.57 AC
Property type
Commercial land
APN
091H-B-004.00-000
APU
091HB00400000

Description

This exceptional 6.37-acre commercial land parcel presents a unique investment opportunity in Murfreesboro, Tennessee. Located in the heart of the Gateway Corridor, this property boasts a prime location, zoned for mixed-use development, and offers significant potential for a variety of commercial ventures. The asking price is $5,549,544, translating to $20 per square foot. The seller is willing to divide the land, providing flexibility for various project sizes and investor needs. This highly desirable area benefits from exceptional visibility and accessibility, situated just one block from St. Thomas Rutherford Hospital and The Fountains. A traffic light at the entrance to St. Thomas Rutherford Hospital ensures convenient ingress and egress. Furthermore, the property is adjacent to the future site of a Bourbon Brothers Restaurant/Entertainment complex and a 4,500-seat amphitheater, promising significant future foot traffic and increased property value. This strategic location, combined with the flexible zoning and the owner's willingness to divide the land, makes this an unparalleled opportunity for developers and investors seeking a high-impact commercial investment in a rapidly growing area of Murfreesboro. The property is situated at 1412 Gateway Blvd, Murfreesboro, TN 37129, in Rutherford County.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $30,749,522
    Hospitality
    $28,166,396
    Educational
    $23,434,112
    Medical
    $24,240,046
    Retail
    $36,453,064

Location Insight

City
Murfreesboro
County
Rutherford
State
Tennessee
Latitude
35.8574
Longitude
-86.4211
CBSA code
34980
CBSA name
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,892
$687,120
-
$687,120
-
$1,717,800
-
$1,717,800

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