1720 Old Fort Parkway
Mixed Use | 146,000 SqFt
Marketing description
Avison Young is pleased to exclusively represent ownership in the sale of this former department store property. Comprised of 146,000 square feet across two floors, this opportunity provides a buyer with a variety of options and uses whether it be re-leasing some or all of the building or redeveloping the site completely. The 8.77 acre offering sits at the rear of the Stones River Town Centre - one of the largest shopping centers in Murfreesboro – and sits adjacent to a high-performing Home Depot shopping center.
Set in the heart of Murfreesboro along Old Fort Parkway, the busiest street in the city, this offering is the first of it’s kind in the region and an opportunity to capitalize on the wave of economic growth that Murfreesboro is experiencing.
The multitude of possibilities for the property creates a compelling opportunity for both investors and owner-operators.
Investment highlights
- Premier Location - Located in the bustling Nashville MSA, adjacent to the Stones River Town Centre
- Large Parcel - at 8.77 acres, this parcel is suitable for a variety of redevelopment possibilities
- Rare Opportunity - this is one of the largest retail buildings available in Middle Tennessee - a market with sub-3% retail vacancy rate
- Retail and Consumer Synergy - adjacent to one of the busiest interstate exits on all of I-24, several of the largest names in retail are located in the immediate area including Home Depot, Walmart, Target, AMC and TJ Maxx
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