1632 Memorial BlvdMurfreesboro, TN 37130

Property Details for 1632 Memorial Blvd

Year built

1984

Lot size

10.92 AC

Property size (Sq ft)

78,824 SF

Property type

Retail properties

Property subtype

Strip malls

APN

080M-G-001.00-000

APU

080MG00100000

Description

This exceptional investment opportunity presents Parkside Shopping Center, a single-story, Class B retail property located at 1632 Memorial Blvd in Murfreesboro, Tennessee, zip code 37130. The 77,280 square foot center sits on a 10.92-acre lot (475,675 square feet) and features three suites with a total of 324 parking spaces. Currently, 4,130 square feet are vacant, offering immediate potential for new tenants. The largest contiguous space available is 1,628 square feet. Built in 1978 and renovated in 2017, the property benefits from a CH zoning designation. The property enjoys a high-traffic location on Memorial Blvd, with a daily traffic count of 34,401 vehicles per day, and is conveniently situated near Middle Tennessee State University (MTSU), a rapidly growing university with approximately 22,000 students. This proximity to a large student population and the vibrant Murfreesboro community provides a strong base of potential customers. The annual property taxes are $0.85 per square foot. The center's strategic location, coupled with its recent renovations and ample parking, makes it an attractive option for a variety of retail and restaurant businesses. This property offers a compelling opportunity to capitalize on the growth and development within Murfreesboro, a city committed to fostering business expansion.

Location Insight

City

Murfreesboro

County

Rutherford

State

Tennessee

Latitude

35.8657

Longitude

-86.3872

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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