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Investment Highlights

  • Premier location – located in the bustling Nashville MSA, adjacent to the premier Stones River Town Centre
  • Rare opportunity - this is one of the largest retail buildings available in Middle Tennessee - a market with 3% retail vacancy
  • Large parcel – at 8.77 acres, this parcel is suitable for a variety of redevelopment possibilities
  • Retail & consumer synergy - several of the largest names in retail are located within half a mile of this site, giving this node a super regional draw

Executive Summary

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.

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
1,654’ on Old Fort Pkwy

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
  • A100
  • 900 SF
  • Retail
  • End Cap
  • Now

End cap retail space located next to Paul Mitchell The School.

  • A101
  • 2,112 SF
  • Retail
  • -
  • 30 Days
  • A130
  • 5,345 SF
  • Retail
  • End Cap
  • 30 Days

End cap space next to Paul Mitchell The School and rue 21.

  • A150
  • 4,004 SF
  • Retail
  • -
  • 30 Days
  • B120
  • 2,872 SF
  • Retail
  • In-Line
  • 30 Days

Fully Built-Out In-Line Retail Space

  • B140
  • 3,623 SF
  • Retail
  • End Cap
  • 30 Days

End cap next to Claire's.

  • C150
  • 4,259 SF
  • Retail
  • In-Line
  • 30 Days

In-Line Retail Shell Space

  • D150
  • 5,250 SF
  • Retail
  • In-Line
  • Now

In line retail space located next to Bath and Body Works.

  • D170
  • 6,829 SF
  • Retail
  • End Cap
  • Now

6,829 square foot end cap retail space.

  • E105
  • 3,906 SF
  • Retail
  • -
  • 30 Days
  • F109
  • 727 SF
  • Retail
  • End Cap
  • Now

End cap next to The Big Twist Pretzels and Finish Line.

  • F160
  • 1,767 SF
  • Retail
  • -
  • 30 Days
  • L130
  • 4,575 SF
  • Retail
  • In-Line
  • Now

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

A100

Size 900 SF
Space Use Retail
Position End Cap
Available Now

End cap retail space located next to Paul Mitchell The School.

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.

B120

Size 2,872 SF
Space Use Retail
Position In-Line
Available 30 Days

Fully Built-Out In-Line Retail Space

B140

Size 3,623 SF
Space Use Retail
Position End Cap
Available 30 Days

End cap next to Claire's.

C150

Size 4,259 SF
Space Use Retail
Position In-Line
Available 30 Days

In-Line Retail Shell Space

D150

Size 5,250 SF
Space Use Retail
Position In-Line
Available Now

In line retail space located next to Bath and Body Works.

D170

Size 6,829 SF
Space Use Retail
Position End Cap
Available Now

6,829 square foot end cap retail space.

F109

Size 727 SF
Space Use Retail
Position End Cap
Available Now

End cap next to The Big Twist Pretzels and Finish Line.

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 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
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

IHOP
China Max
Outback Steakhouse
Planet Fitness
Truist
Gold's Gym
Red Lobster
Buffalo Wild Wings
Miller's Ale House
Olive Garden

Property Taxes

Property Taxes

Parcel Number
091I-A-018.00-000
Land Assessment
$3,863,520
Improvements Assessment
$16,248,200
Total Assessment
$20,111,720
  • Listing ID: 39713775

  • Date on Market: 3/9/2026

  • Last Updated:

  • Address: 1720 Old Fort Pky, Murfreesboro, TN 37129

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