Capstone Land Sales is pleased to present the Bellwood Flats Development Site:
a five-acre multi-family oriented opportunity located in Murfreesboro,
Tennessee. The site is ideally located within five minutes of Interstate
24 and Middle Tennessee State University (MTSU). I-24 is the
commuter-centric thoroughfare connecting Murfreesboro to downtown
Nashville. The location is in an established, diversely zoned
neighborhood garnering strong returns for single-family and moderately
dense developments. MTSU is home to nearly 24,000 college students.
Conversely, this area is also undersupplied for the emerging senior
housing demand. In a municipality stringent on rezoning, the development
site offers in-place RM-16 zoning, which allows the density of 16 units
per acre. The combination of zoning and demand for student and senior
housing positions this site for a variety of niche end uses: both for
sale and for rent.