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- LoopNet Team
504 Cherry Ln
Murfreesboro, TN 37129
Cherry Lane Development Site · Land For Sale
·
10.62 AC
INVESTMENT HIGHLIGHTS
- In-Place RS-A2 Zoning | 10.62 Acres
- Demographics, Population Growth, & Townhome Price Appreciation
- Major Cherry Lane Drive Expansion
- Unmatched Connectivity & Retail Proximity
PROPERTY FACTS
| Property Type | Land | Proposed Use | Apartment Units |
| Property Subtype | Residential | Total Lot Size | 10.62 AC |
| Zoning | RS-A2 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 10.62 AC |
| Zoning | RS-A2 |
DESCRIPTION
Capstone Land Sales is pleased to present: Cherry Lane Development Site, a fully entitled, 10.62-acre townhome site in Murfreesboro, Tennessee. Situated along Cherry Lane Drive, the site will immediately benefit from the $70 million multi-phase Cherry Lane expansion that will expand to Interstate 840. Once complete, the site will have convenient interstate access, benefiting residents for years to come. Over the last five years, the median sale price of townhomes in Murfreesboro has increased over 70%. With townhome inventory levels at a five-year low, the development site is poised to deliver much needed inventory to a robust market.
