507 Memorial Blvd
Murfreesboro, TN, 37129 $ 1,975,000
Bedrooms-- Baths-- Sq 9,600 Monthly Estimate*
$ 13,641
for $1,975,000. This 9,600 square foot building was built in 1972 on a lot size of 0.35.
LOCATION. VISIBILITY. FLEXIBILITY. | 9,600 SF ± COMMERCIAL RETAIL Outstanding opportunity to acquire approximately 9,600 SF ± of commercial space directly on Memorial Boulevard / US Highway 231, one of Murfreesboro's most established commercial corridors. 507–509 Memorial Boulevard offers excellent highway visibility, convenient customer access, and an existing roadside marquee sign providing additional exposure. Strategically located near NW Broad Street / US 41/70S, with convenient connectivity to Downtown Murfreesboro, Old Fort Parkway, and I-24. The property features approximately 4,800 SF ± of main-level retail space with an additional 4,800 SF ± of lower-level space. The flexible configuration offers the potential for up to four separate commercial spaces, making it attractive for an owner-user, investor, or multi-tenant strategy. The lower level features exterior garage door access on one side, a separate personnel entrance on the other, and metal-and-concrete stairways providing additional access. Significant improvements include a standing seam metal roof approximately seven years old, upgraded aluminum-and-glass double entry doors, replacement ceiling tiles throughout the upper level, and LED lighting upgrades on the upper level and lower level of the 509 side. Prestressed load-bearing concrete beams between levels provide a substantial structural framework. Ideal for retail, showroom, professional services, office, or other commercial uses, subject to applicable approvals. Highway frontage, flexible occupancy, functional lower-level space, and meaningful building improvements make this a compelling Murfreesboro commercial investment opportunity. Put Your Business Where Murfreesboro Sees It.
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FeaturesGeneralPossession Close Of Escrow
Roof Standing Seam Steel
Zoning Commercial
Year Built 1972
Property Subtype Mixed Use
County Rutherford County TN
Property Type Commercial Sale
Status Active
Directions From I-24 take Exit 78 (Old Fort Parkway / SR 96) toward Murfreesboro. Continue on Old Fort Parkway and turn left onto NW Broad Street (US 41/70S). Continue to Memorial Boulevard (US 231) and turn le
City Murfreesboro
Lot Size Units Acres
Property Attached Y/N N
Building Area Units Square Feet
Standard Status Active
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ExteriorTotal Parking 0
Lot Size Area 0.35
Building Area Total 9600
Lot Size Acres 0.35
Lot Size Source Assessor
Waterfront Y/N N
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InteriorAir Conditioning Y/N N
Heating Y/N N
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* Excluded FeaturesList Byhmcdonald@redrealty.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $13,641
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Murfreesboro, TN
Average List Price $2,954,711
Percent of Sale Price 50%
About Murfreesboro, TN 138,881 Population
80% Since 2002
$ 55,637 Median Income
32.92 Median Age
31% Households with Children
Trends Information provided by ATTOM Data Solutions.
245588 Elementary School
245705 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/10/2026 | $1,975,000 | | Listed Price |