Download Offering Materials: Cherry Lane Development Site
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.
Development Highlights:
In-Place RS-A2 Zoning | 10.62 Acres
Major Cherry Lane Drive Expansion
Demographics, Population Growth, & Townhome Price Appreciation
Unmatched Connectivity & Retail Proximity
