1620 Williams DrMurfreesboro, TN 37129

  • Land
  • 2.92 AC
For Sale
$1,900,000 View listing

Property Details for 1620 Williams Dr

Lot size
2.92 AC
Property type
Land
Property subtype
Commercial land
APN
091A-C-002.00-000
APU
091AC00200000

Description

This exceptional 2.92-acre commercial land parcel, located at 1620 Williams Drive in Murfreesboro, Tennessee, presents a unique investment opportunity. Priced at $1,900,000 ($15/SF), this mixed-use zoned property offers unparalleled flexibility for a variety of development projects. The zoning permits the construction of office, retail, and high-density residential buildings, catering to diverse development needs. The lot boasts high visibility, situated in Murfreesboro's thriving gateway corridor, ensuring significant exposure for any future development. Its strategic location offers convenient proximity to Ascension St. Thomas Rutherford Hospital and the Murfreesboro Medical Clinic, making it an attractive location for businesses and residents alike. The property is grade-ready, with all utilities readily available, simplifying the development process and minimizing upfront costs. Adding to its appeal, the lot overlooks the picturesque Gateway Lake Park, providing a serene and desirable setting. The owner is willing to consider dividing the property, presenting further development options. This is a rare opportunity to acquire a prime commercial land parcel in a rapidly growing area with exceptional potential for significant return on investment. The property address is 1620 Williams Dr, Murfreesboro, TN 37129.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $25,150,862
    Hospitality
    $23,038,054
    Educational
    $19,167,390
    Medical
    $19,826,586
    Retail
    $29,815,942
1620 Williams Dr, Murfreesboro, Tennessee

Location Insight

City
Murfreesboro
County
Rutherford
State
Tennessee
Latitude
35.8645
Longitude
-86.4222
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
$18,699
$661,000
-
$661,000
-
$1,652,500
-
$1,652,500

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