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Stones River Town Centre 1720 Old Fort Pky 146,000 SF Vacant Retail Building Murfreesboro, TN 37129 For Sale
Investment Highlights
- Former department store at Stones River Town Centre presenting investors and developers with 8.77-acres of land ready for new use.
- Rare opportunity to acquire one of the largest retail buildings available in Middle Tennessee where the market has low 3% vacancy.
- Surrounded by a plethora of retailers like Walmart, Target, Panera Bread, Starbucks, The Home Depot, and more.
- Benefit from this prime spot in the lively Nashville metropolitan area, just off the highly trafficked Old Fort Parkway(Highway 96).
- Adjacent to one of the busiest interstate on and off ramps on Interstate 24, this property is easily accessible for consumers.
Executive Summary
Avison Young is pleased to exclusively represent ownership in the sale of this former department store property. Spanning 146,000 square feet over two levels, this property offers unparalleled flexibility for investors and developers, whether re-leasing all or part of the space or pursuing a full scale redevelopment. Positioned on 8.77 acres at the rear of Stones River Town Centre, one of Murfreesboro’s largest shopping destinations, the site features a clean façade, multiple entry points, and abundant parking for optimal accessibility. Its adaptable layout and prime location make it an ideal candidate for a range of future uses beyond retail, ready to align with a new owner’s vision.
Located in the heart of Murfreesboro on Old Fort Parkway, the city’s busiest thoroughfare, this property represents the first offering of its kind in the region. It provides an excellent opportunity to leverage the ongoing economic expansion in Murfreesboro. The site offers diverse possibilities for both investors and owner-operators, situated within a prominent retail corridor adjacent to a high-performing Home Depot shopping center. Benefiting from its proximity to Stones River, which features a range of shopping and dining options, the property also attracts significant traffic from nearby tenants such as Miller’s Ale House, Planet Fitness, Outback Steakhouse, and others. Additionally, Murfreesboro hosts Middle Tennessee State University, with a campus population exceeding 20,000 students. The property is conveniently located near the historic downtown square, known for its appealing and historic atmosphere.
Located in the heart of Murfreesboro on Old Fort Parkway, the city’s busiest thoroughfare, this property represents the first offering of its kind in the region. It provides an excellent opportunity to leverage the ongoing economic expansion in Murfreesboro. The site offers diverse possibilities for both investors and owner-operators, situated within a prominent retail corridor adjacent to a high-performing Home Depot shopping center. Benefiting from its proximity to Stones River, which features a range of shopping and dining options, the property also attracts significant traffic from nearby tenants such as Miller’s Ale House, Planet Fitness, Outback Steakhouse, and others. Additionally, Murfreesboro hosts Middle Tennessee State University, with a campus population exceeding 20,000 students. The property is conveniently located near the historic downtown square, known for its appealing and historic atmosphere.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
146,000 SF
Building Class
B
Year Built/Renovated
1989/1998
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.38
Lot Size
8.77 AC
Zoning
Com - Shopping Center
Parking
2,800 Spaces (19.18 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Property Manager on Site
- Pylon Sign
- Signalized Intersection
- Skylights
- Kiosk/Cart Space
- Enclosed Mall
- Storage Space
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
End cap retail space located next to Paul Mitchell The School.
- A101
- 2,112 SF
- Retail
- -
- 30 Days
End cap space next to Paul Mitchell The School and rue 21.
- A150
- 4,004 SF
- Retail
- -
- 30 Days
Fully Built-Out In-Line Retail Space
End cap next to Claire's.
In-Line Retail Shell Space
In line retail space located next to Bath and Body Works.
6,829 square foot end cap retail space.
- E105
- 3,906 SF
- Retail
- -
- 30 Days
End cap next to The Big Twist Pretzels and Finish Line.
- F160
- 1,767 SF
- Retail
- -
- 30 Days
Located in outdoor Shopping Area with storefront parking.
| Space | Size | Space Use | Position | Available |
| A100 | 900 SF | Retail | End Cap | Now |
| A101 | 2,112 SF | Retail | - | 30 Days |
| A130 | 5,345 SF | Retail | End Cap | 30 Days |
| A150 | 4,004 SF | Retail | - | 30 Days |
| B120 | 2,872 SF | Retail | In-Line | 30 Days |
| B140 | 3,623 SF | Retail | End Cap | 30 Days |
| C150 | 4,259 SF | Retail | In-Line | 30 Days |
| D150 | 5,250 SF | Retail | In-Line | Now |
| D170 | 6,829 SF | Retail | End Cap | Now |
| E105 | 3,906 SF | Retail | - | 30 Days |
| F109 | 727 SF | Retail | End Cap | Now |
| F160 | 1,767 SF | Retail | - | 30 Days |
| L130 | 4,575 SF | Retail | In-Line | Now |
A100
| Size |
| 900 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
A101
| Size |
| 2,112 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
A130
| Size |
| 5,345 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| 30 Days |
A150
| Size |
| 4,004 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
B120
| Size |
| 2,872 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
B140
| Size |
| 3,623 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| 30 Days |
C150
| Size |
| 4,259 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
D150
| Size |
| 5,250 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
D170
| Size |
| 6,829 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
E105
| Size |
| 3,906 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
F109
| Size |
| 727 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
F160
| Size |
| 1,767 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
L130
| Size |
| 4,575 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
A100
| Size | 900 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
End cap retail space located next to Paul Mitchell The School.
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
A130
| Size | 5,345 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | 30 Days |
End cap space next to Paul Mitchell The School and rue 21.
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
B120
| Size | 2,872 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
Fully Built-Out In-Line Retail Space
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
B140
| Size | 3,623 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | 30 Days |
End cap next to Claire's.
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
C150
| Size | 4,259 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
In-Line Retail Shell Space
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
D150
| Size | 5,250 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
In line retail space located next to Bath and Body Works.
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
D170
| Size | 6,829 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
6,829 square foot end cap retail space.
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
F109
| Size | 727 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
End cap next to The Big Twist Pretzels and Finish Line.
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
L130
| Size | 4,575 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Located in outdoor Shopping Area with storefront parking.
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Moderately bikeable
60/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
2,871
72,627
177,713
2030 Population
3,118
78,041
192,270
2025-2030 Projected Population Growth
8.6%
7.4%
8.2%
Median Age
34.2
33.6
34.3
College Degree + Higher
24%
34%
37%
Daytime Employees
13,746
50,643
66,954
Total Businesses
1,576
6,209
8,345
Average Household Income
$78,375
$85,445
$100,270
Median Household Income
$59,591
$66,951
$77,339
Total Consumer Spending
$29.1M
$825.6M
$2.2B
2025 Households
1,114
29,076
68,803
Average Home Value
$457,321
$426,472
$482,396
Nearby Major Retailers
Property Taxes
| Parcel Number | 091I-A-018.00-000 | Improvements Assessment | $16,248,200 |
| Land Assessment | $3,863,520 | Total Assessment | $20,111,720 |
Property Taxes
Parcel Number
091I-A-018.00-000
Land Assessment
$3,863,520
Improvements Assessment
$16,248,200
Total Assessment
$20,111,720
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Stones River Town Centre | 1720 Old Fort Pky
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