120 Main StMurfreesboro, TN 37130

Property Details for 120 Main St

Year built

1978

Construction

FRAME

Lot size

1.20 AC

Property size (Sq ft)

28,699 SF

Property type

Office properties

Property subtype

Office buildings

APN

091NB-D-001.00-000

APU

091NBD00100000

Description

This exceptional three-story commercial property, located at 120 E Main St, Murfreesboro, offers up to 8,000 square feet of flexible retail or office space for lease. The building, formerly occupied by Bank of America, boasts a total of 25,927 square feet and sits on a 1.24-acre lot in the heart of Murfreesboro's Central Business District (CBD), zoned accordingly. Its convenient location offers easy access to Interstate 24, major retail centers, and numerous area amenities. The building features 102 parking spaces, adding significant convenience for tenants and their clients. Built in 1978, the property benefits from an elevator for efficient multi-floor access. This prime location within Murfreesboro's thriving and walkable Historic Square provides excellent visibility and foot traffic. The available space is ideal for a variety of businesses seeking a prominent presence in a vibrant downtown setting. The property's multiple tenancy allows for flexibility in lease terms and space configuration. The APN is 091NB-D-001.00-000, and the property is situated near Spring St in Rutherford County. This is a rare opportunity to secure a well-located, established commercial space in a high-demand area. Inquire today to learn more about lease options and explore the potential of this exceptional property.

• CAP approach

  CAP return

  Valuation

  6%

  $4,957,812

  6.5%

  $4,576,442

  7%

  $4,249,553

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,470,410

  Geo Method

  $2,470,410

• Alternative Use

  Use

  Valuation

  Residential

  $5,674,788

  Hospitality

  $5,198,075

  Educational

  $4,324,737

  Medical

  $4,473,472

  Retail

  $6,727,369

Location Insight

City

Murfreesboro

County

Rutherford

State

Tennessee

Latitude

35.8454

Longitude

-86.3907

CBSA code

34980

CBSA name

NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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