2615 Medical Center PkwyMurfreesboro, TN 37129

Property Details for 2615 Medical Center Pkwy

Year built

2007

Construction

FRAME

Lot size

85.61 AC

Property size (Sq ft)

803,428 SF

Property type

Retail properties

Property subtype

Super regional malls

APN

092-094.01-000

APU

9209401000

Description

The Avenue, located at 2615 Medical Center Pkwy in Murfreesboro, Tennessee, presents a prime retail opportunity. This Class A property boasts a total of 843,000 square feet and offers multiple tenancy options. Thirteen suites are currently available, ranging in size from a minimum of 1,778 square feet to a maximum contiguous space of 4,995 square feet. A total of 34,398 square feet is currently vacant, providing significant flexibility for businesses of various sizes. Situated in Rutherford County, with a zip code of 37129, this location offers excellent visibility and accessibility. The property's strategic placement ensures high foot traffic and convenient access for customers. This is an exceptional opportunity to establish or expand your business in a thriving commercial center. The building's impressive size and diverse suite options cater to a wide range of retail needs, making it an ideal location for businesses seeking a prominent presence in Murfreesboro. The property's Class A designation reflects its high-quality construction and modern amenities. Don't miss this chance to secure your space in this desirable retail center.

• CAP approach

  CAP return

  Valuation

  6%

  $204,026,960

  6.5%

  $188,332,576

  7%

  $174,880,256

• Comparable approach

  Method

  Valuation

  Relative Method

  $174,280,880

  Geo Method

  $174,280,880

• Alternative Use

  Use

  Valuation

  Residential

  $158,865,584

  Hospitality

  $145,520,016

  Educational

  $121,070,944

  Medical

  $125,234,760

  Retail

  $188,332,576

Location Insight

City

Murfreesboro

County

Rutherford

State

Tennessee

Latitude

35.8592

Longitude

-86.4447

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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