307 Walnut StMurfreesboro, TN 37130

Property Details for 307 Walnut St

Year built

1968

Construction

FRAME

Lot size

0.34 AC

Property size (Sq ft)

6,216 SF

Property type

Office properties

Property subtype

Office buildings

APN

091K-H-020.00-000

APU

091KH02000000

Description

This ±6,270 square foot single-tenant office building, located at 307 N Walnut St in Murfreesboro, Tennessee, is available for sale or lease. Built in 1968 and extensively renovated in 2021, this one-story building sits on a 0.35-acre lot and is zoned CH. The property features a traditional office layout adaptable to executive or creative office uses, and is also suitable for retail or medical tenants. Ample parking is provided with 22 dedicated spaces on-site, supplemented by a nearby garage and street parking. The building is conveniently located one block from Murfreesboro's historic square, offering excellent visibility and accessibility. The property's address is 307 N Walnut St, Murfreesboro, TN 37130, with a cross street of W Lytle. The APN is 091K-H-020.00-000. The entire 6,270 square feet is currently vacant. This presents a unique opportunity to acquire a beautifully updated historic building in a prime Murfreesboro location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,073,827

  6.5%

  $991,225

  7%

  $920,423

• Comparable approach

  Method

  Valuation

  Relative Method

  $535,073

  Geo Method

  $535,073

• Alternative Use

  Use

  Valuation

  Residential

  $1,229,119

  Hospitality

  $1,125,866

  Educational

  $936,707

  Medical

  $968,922

  Retail

  $1,457,100

Location Insight

City

Murfreesboro

County

Rutherford

State

Tennessee

Latitude

35.8487

Longitude

-86.3939

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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