25 +/- AC for Commercial Development on TN-99 (New Salem Hwy

Price: $2,500,000.00


25 +/- AC for commercial development from 75.76+/- AC farm less than 5 miles SW of downtown Murfreesboro. Prime location with daily traffic average of over 94k cars on nearest exit (exit 80) at I-24.


This 25 +/- AC parcel less than 5 miles southwest of downtown Murfreesboro is for sale. The property is in a prime location for commercial or residential development, and with daily traffic average of over 94,000 cars on the nearest exit at I-24 . Commercial and residential development is underway in the surrounding area including a Publix grocery store, CVS Drugstore, and the Three Rivers and Stone Brook residential developments. City sewer and water is accessbile at the front and rear of the property. The acreage is in unicorporated Rutherford County but could be annexed into the City of Murfreesboro. Electrical service is provided by Middle Tennessee Electric Membership Corporation. The parcel is part of a larger 75.76 +/- AC farm, the rear acreage of which is under contract for residentiai development.

GENERAL INFORMATION

Address 2329 New Salem Hwy, Murfreesboro, TN 37128
City Unincorporated Rutherford County
County Rutherford

LAND DETAILS

Area 25 +/- AC
Zoning RM – Medium Density Residential
Lot Size 1350 +/- ft x 800 +/- ft IRREGULAR
Road Frontage 830 +/- ft on New Salem Hwy
Current Land Use Farm
 

SCHOOLS

Elementary School Rockvale Elementary School
Middle School Rockvale Middle School
High School Riverdale High School

UTILITIES

Electricity: Middle Tennessee Electric Membership Corporation
Water: Consolidated Utility District
Wastewater: Current home at rear of property is on septic system. Sewer system provided by Consolidated Utility District is accessible. See attached sewer map overview.
Gas: None

TAX DETAILS

County Tax ID: 114 014.00 (Inclusive of acreage currently under contract)
2018 City Taxes: $5,272.70
2018 County Taxes: $10,321.67
2018 Total Taxes: $15,594.37

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Contact: Larry Sims

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