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232 N Rutherford Blvd Planned Development (1.93 AC)

232 N Rutherford Blvd, Murfreesboro, TN 37130

Listing Price: $1,295,000

Lot Size
1.93 acres
Price/Acre
$670,984
Land Type
Land
Buildable Square Feet
11,100

Investment Overview

232 North Rutherford Boulevard is a 1.93 acre parcel in Murfreesboro, Tennessee. The site sits nearly adjacent to the campus of Middle Tennessee State University (25,000 students). It is in a Qualified Opportunity Zone offering tax advantages when requirements are met. In 2020, the City of Murfreesboro approved a Planned Development (East Side Village) for a 6-tenant, 11,100 sf retail building. The deal includes the construction plans. The Water Resources Department has issued a "will serve" letter ensuring sanitary sewer service will be approved. The site's primary access is North Rutherford Boulevard, a four lane road with a median. A median opening is present at the proposed access point. A Consolidated Utility District has a water line on site. A Murfreesboro Water Resources sanitary sewer line is located south of the site at Louise Street and easements have been acquired for the extension of sewer. A Walmart Superstore is located nearby as well as several retailers, including Starbucks, Applebee's and Tractor Supply. The area is also densely developed with apartment complexes. Murfreesboro is the fifth largest city in Tennessee and one of the fastest growing in the United States. Traffic counts are almost 31,000 on North Rutherford Boulevard. Population within a one-mile radius is 9,334, and is 108,042 within a 5-mile radius.

Investment Highlights

  • Planned development approved by City Planning Commission
  • Located in Qualified Opportunity Zone
  • Nearly adjacent to campus of Middle Tennessee State University

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Retail

232 N Rutherford Blvd Planned Development (1.93 AC)

Listing Price: $1,295,000

Lot Size
1.93 acres
Price/Acre
$670,984
Land Type
Land
Buildable Square Feet
11,100

Investment Highlights

  • Planned development approved by City Planning Commission
  • Located in Qualified Opportunity Zone
  • Nearly adjacent to campus of Middle Tennessee State University

Investment Overview

232 North Rutherford Boulevard is a 1.93 acre parcel in Murfreesboro, Tennessee. The site sits nearly adjacent to the campus of Middle Tennessee State University (25,000 students). It is in a Qualified Opportunity Zone offering tax advantages when requirements are met. In 2020, the City of Murfreesboro approved a Planned Development (East Side Village) for a 6-tenant, 11,100 sf retail building. The deal includes the construction plans. The Water Resources Department has issued a "will serve" letter ensuring sanitary sewer service will be approved. The site's primary access is North Rutherford Boulevard, a four lane road with a median. A median opening is present at the proposed access point. A Consolidated Utility District has a water line on site. A Murfreesboro Water Resources sanitary sewer line is located south of the site at Louise Street and easements have been acquired for the extension of sewer. A Walmart Superstore is located nearby as well as several retailers, including Starbucks, Applebee's and Tractor Supply. The area is also densely developed with apartment complexes. Murfreesboro is the fifth largest city in Tennessee and one of the fastest growing in the United States. Traffic counts are almost 31,000 on North Rutherford Boulevard. Population within a one-mile radius is 9,334, and is 108,042 within a 5-mile radius.

Exclusively Listed By

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