These six contiguous parcels totaling 1.4+/- AC in central Murfreesboro with all utilities accessible are available for purchase. 3 of the parcels are zoned Heavy Industrial and 3 are zoned multi-family. The property is a unique opportunity for builders, developers, and investors seeking an urban redevelopment project. This could also be an ideal situation for business owners seeking a new corporate location. The property has 60+ ft of frontage on Old Salem Rd and 420+ ft of frontage on Douglas Ave. The location is squarely in a Qualified Opportunity Zone in a largely industrial area, just west of the historic Bottoms Community and the ongoing Town Creek Project (see links for details). Owner will consider subdivision by existing zoning. The rental income currently being generated by the properties are testament to the desirability of the area.
Directions: From I-24, take exit #80 (New Salem Hwy/TN-99) and travel N on TN-99 appx .5 mi to Industrial Dr. Turn R on Industrial Dr. Turn L on Old Salem Rd. Property is on L at corner of Old Salem Rd and Douglas Ave and includes six contiguous parcels offered.
Price Information
Listing Price Info
Price Summary:
List Price: $2,300,000
Tax Information:
Annual Amount: $220
Tax Year: 2021
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Housing Market Comparison
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Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Aug 26, 2016
Aug 26, 2016Home Sold
$50,000
Feb 07, 1991
Feb 07, 1991Home Sold
$40,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$220
$6,250
2019
$139
$6,250
2018
$190
$6,250
2017
$373
$5,025
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Bradley Academy
511 Mercury Blvd
Distance between this listing and this school0.93 miles
Public District Grades PK-6
7
/10
Discovery School
1165 Middle Tennessee Blvd
Distance between this listing and this school0.99 miles
Public Magnet Grades KG-6
7
/10
Homer Pittard Campus School
923 E Lytle St # 4
Distance between this listing and this school1.50 miles
Public District Grades KG-5
Nearby Schools
6
/10
Oakland Middle School
853 Dejarnette Ln
Distance between this listing and this school4.28 miles
Public District Grades 6-8
7
/10
Blackman Middle School
3945 Blaze Dr
Distance between this listing and this school4.33 miles
Public District Grades 6-8
7
/10
Siegel Middle School
355 W Thompson Ln
Distance between this listing and this school4.95 miles
Public District Grades 6-8
Nearby Schools
4
/10
Holloway High School
619 S Highland Ave
Distance between this listing and this school0.87 miles
Public District Grades 9-12
9
/10
Central Magnet School
701 E Main St
Distance between this listing and this school1.27 miles
Public Magnet Grades 6-12
5
/10
Riverdale High School
802 Warrior Dr
Distance between this listing and this school1.74 miles
The neighbors living near this home have an average income of $18,228. The most common annual income of people living in Murfreesboro, TN is less than $35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Living In Murfreesboro, TN
Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.
What are the common housing types in Murfreesboro, TN?
Murfreesboro's housing market is diverse, offering a range of options from single-family homes to apartments and townhouses. The architectural styles vary, with a prevalence of contemporary and traditional designs. Single-family homes are a significant portion of the market, while multi-family units like apartments cater to those seeking a more urban living experience. The area has seen growth in recent years, with new developments complementing the existing housing stock.
What are the advantages of living in Murfreesboro, TN?
Murfreesboro is celebrated for its blend of historic charm and modern amenities. The community prides itself on a family-friendly atmosphere, with numerous parks and recreational areas contributing to the city's inviting character. Annual events and festivals reflect the rich cultural heritage and foster a strong sense of community among residents.
Are essential services in Murfreesboro, TN convenient?
The city is served by a robust educational system, including multiple public and private schools that cater to a range of educational needs. Healthcare services are comprehensive, with several hospitals and clinics providing a spectrum of care. Retail and dining options abound, offering both local and international cuisine, and reflecting the diverse culture of Murfreesboro. The city is proactive in enhancing services to meet the evolving needs of its residents.
How do Murfreesboro, TN residents get around?
Murfreesboro's transportation infrastructure supports both private and public transit options, with a focus on improving connectivity and reducing commute times. The area is bike-friendly in certain parts, and there are efforts to increase walkability throughout the city. Major roads and highways facilitate travel to and from the city, and public transportation is available to assist residents in navigating Murfreesboro and the surrounding areas.
Frequently Asked Questions About 728 Old Salem Rd
What is the listing price of this property?
The listing price of 728 Old Salem Rd property is $2,300,000.
What type of property is this?
The property 728 Old Salem Rd is land located in Murfreesboro, Tennessee, 37129.
Is this property for sale now?
Active Listing: 728 Old Salem Rd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $220 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on August 26, 2016 for $50,000. (source: MLS/tax record).
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This home is located at 728 Old Salem Rd in Murfreesboro, TN and zip code 37129. This home sits on a 1.40 acre lot. It has been listed on Rocket Homes since October 15, 2024 and is currently priced at $2,300,000.
Murfreesboro, TN housing market in October 2024 saw over 40 listings sold above listed price, more than 100 sold at listed price and over 103 sold below. The inventory of homes for sale in Murfreesboro, TN between September 2024 and October 2024 increased by 1.9%. In October 2024 median list price was $426,804 and the average listing age was 28 days.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
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