ELAMROAD - LoopNet · ZONING PROCESS LOCATION LINKS For more information, please contact: David...

HOME HIGHLIGHTS SITE INFO ZONING PROCESS LOCATION

LINKS

For more information, please contact:

cushmanwakefield.comDavid McGahren, SIOR+1 615 301 2810 [email protected]

Doug Howard, SIOR+1 615 301 2818 [email protected]

Abigail Palmquist+1 615 301 2807 [email protected]

ELAMROAD COMMERCE PARK

DEVELOPMENT OR LARGE CORPORATE USER SITE

+/-288 ACRES FOR SALE

MURFREESBORO, TN

http://www.cushmanwakefield.com

mailto:david.mcgahren%40cushwake.com?subject=

mailto:doug.howard%40cushwake.com?subject=

mailto:abigail.palmquist%40cushwake.com?subject=

Elam Road Commerce Park Murfreesboro, TN




Cushman & Wakefield Copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.


HOME HIGHLIGHTS SITE INFO

ZONING PROCESS LOCATION

LINKS

Location Southwest corner of I-24 and Joe B. Jackson Parkway

Property Size 288 Acres - 140 Acres Useable (mostly cleared)

Zoning Currently zoned agricultural, but local government is willing to annex and zone industrial (See zoning processs section for details)

Topography Mostly level

Utilities All available

Airport Nashville International Airport is located 28 Miles northwest of the site and can be accessed via Interstate 24

Cushman & Wakefield, as exclusive broker, is pleased to present to qualified investors/developers/corporate users, on a fee simple basis, the Elam Road Commerce Park, an approximately 288 acre land site located in Murfreesboro, Tennessee. Located 35 miles southeast of downtown Nashville, Tennessee, the site has approximately 140 acres of useable land with the potential to support 2.4 million square feet of modern bulk distribution, light industrial and manufacturing buildings with immediate access to Interstate 24.

The Offering

Highlights

• Direct access to I-24

• Near a rapidly growing community

• Proven area for E-Commerce

• Peak of the development cycle

• New parkway serving the site

• Blank canvas for large corporate users or developers

• Site could be subdivided

• Possibility exists for City to reroute Elam Road

• Excellent labor force












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Aerial view from the south

+/- 140 Useable Acres













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Aerial from the east













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Aerial view from the southeast












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Preliminary ConceptDevelopment Plan2.4 MILLION SQUARE FEET












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Proposed Road Relocation

Due to the intersection of Elam Road and Joe B. Jackson Parkway currently being too close to the Interstate 24 interchange, per Tennessee Department of Transportation codes and Elam Road also being a substandard road pending any additional development in the area, the expectation is that Elam Road will be relocated to a new, but yet undetermined, location through the property. At this point, with no engineering work performed, the city and state would work with the owner of the property to determine the most beneficial path for the relocation. This site plan is one example of how Elam Road could be relocated through the site.












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Site Topography












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Floodplain MapCRS Bing™ Map

Map for Parcel Address: 1008 Rosebud Ct Murfreesboro, TN 37129-0228, Parcel ID: 069G E 008.00

COPYRIGHT © 2016 COURTHOUSE RETRIEVAL SYSTEM. ALL RIGHTS RESERVED. Call (865) 584-8017.Information Deemed Reliable But Not Guaranteed.

APPROXIMATELY 148 ACRES

WITHIN FLOODPLAIN

APPROXIMATELY 140 ACRES USEABLE












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Utility Map

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15”

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Consolidation Utility District Water Line

Sanitary Sewer Line

Atmos Gas Line

4”

4”












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Zoning Process

CITY OF MURFREESBORO Annexation/Zoning Process

The Planning Commission is

responsible for coordinating

the physical development of

the community by developing

comprehensive land use plans,

zoning regulations, a major

thoroughfare plan and other plans

and ordinances. The Planning

Commission reviews and approves

subdivision plats and site plans

and, after public hearings, makes

recommendations to the City

Council on planned developments,

zoning, and annexations. The

Planning Commission consists of

7 Commissioners, including 2 City

Council members. The Planning

Commission meets on the first

Wednesday of each month at 7:00

p.m. in the City Council Chambers

and on the third Wednesday of each

month at 1:00 p.m.

Preliminary Preparation

When the City of Murfreesboro

expands its corporate boundaries to

include adjoining areas, it does this

through the annexation process. In

Murfreesboro, approximately 95%

of all annexations are requested

by the property owners. In

most cases, the property owner

submits a letter to the planning

commission requesting annexation

in order to receive city services.

Planning Commission Hearing

The city’s seven-member Planning

Commission conducts a public

hearing after a legal notice and map

are published in The Murfreesboro

Post and sent to all property owners

within 250 feet of the proposed area

of annexation. Signs are also posted

on the property.

At the scheduled public hearing, any

interested person may address the

Planning Commission for or against

the proposed annexation. The

Planning Commission also reviews a

plan for services, which is prepared

by the city’s planning staff. The plan

for services assesses the impact of

the annexation on police, fire, water

/ sewer, schools, and other city

services. The Planning Commission

will recommend to City Council

approval or denial of the annexation.

City Council Hearing

After receiving the Planning

Commission’s recommendation,

the City Council conducts a

public hearing following the

same notification procedures. An

annexation ordinance is considered

by the City Council, which requires

three readings. If approved on third

and final reading, an annexation

is effective 30 days later.

When the petition for annexation

also has a zoning plan request

for the subject property, the

Planning Commission and City

Council may consider a proposed

zoning ordinance simultaneously

with the annexation request. In

which event, the Commission

may hold a public hearing for the

zoning plan immediately after the

public hearing for annexation. In

like manner, Council may hold

a public hearing for the zoning

plan immediately after the public

hearing for annexation. The zoning

ordinance may be voted on

separately but at the same meeting

as the annexation ordinance.

Developer Responsibilities

In most cases, annexed land

is undeveloped. As the newly

annexed property is developed, the

developer is responsible for building

and funding utilities and roads.

Cost

There is a $600 non-refundable

application fee to apply for

annexation/rezoning.












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LocationNashville, TN

35 Miles to Downtown Nashville

28 Miles to Nashville International Airport

LOCATION

Air Travel from Murfreesboro to major U.S. destinations

Truck Transit from Murfreesboro to anywhere in the U.S.

Transportation Map

Supply Chain Management and Advanced Manufacturing Facilities in the Nashville Area NISSAN MOTOR MANUFACTURING 8,000 Employees

ELECTROLUX HOME PRODUCTS3,200 Employees

GENERAL MOTORS2,139 Employees

UPS2,012 Employees

INGRAM DISTRIBUTION2,000 Employees

BRIDGESTONE AMERICAS1,855 Employees

TYSON FOODS1,600 Employees

A.O. SMITH CORP.1,500 Employees

AMAZON1,500 Employees

THE TRANE COMPANY1,400 Employees

1-2 DAYDELIVERY TIMES TO MORE THAN

75% OF ALL U.S. MARKETS

Murfreesboro

Murfreesboro













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Rutherford County, TN Community Profile

95.1 5th 13thMore than

2,700

Ebuys, Inc.

Ebuys, Inc. announced the company will open a new 600,000 SF distribution facility in La Vergne. The global online shoe retailer will create approximately 340 new jobs in Rutherford County as part of the expansion.

FedEx

Federal Express will build a 1 million square foot distribution facility in Murfreesboro. The $189.5 million investment will create an estimated 41 full-time jobs with an average wage of $53,500 and 160 full-time equivalent, part-time jobs at $24,000 annually.

cost of living index vs.National Average of 100

Source: 2016 ACCRA Cost ofLiving Index

in the U.S. for job growthfrom Feb. 2015-Feb. 2016

Source: U.S. Bureau ofLabor Statistics

fastest growing city inAmerica, between July 1,

2014 and July 1, 2015Source: U.S. Department of

Commerce

new jobs were createdin 2015 and $667 million

in capital investments weremade from 5 relocationsand 11 existing company

expansions

Top 10 Private Sector Employers

Company Employees

Nissan North America, Inc. 8,400

Amazon Fulfullment Center 2,530

State Farm Insurance Co. 1,662

Ingram Content Group 1,500

Asurion 1,250

St. Thomas Rutherford Hospital 1,100

Verizon Wireless 1,068

General Mills 1,050

Bridgestone Americas, Inc. 1,010

Adient 1,000

Taylor Farms 1,000

Quick Facts

Rutherford County2016 Population: 299,2952021 Projection: 324,948

City of Murfreesboro2016 Population: 127,1402021 Projection: 138,139

Education

Middle Tennessee State University Rutherford County SchoolsMurfreesboro Enrollment: 42,626Enrollment: 23,881Total Graduates: 4,950 (2015) Murfreesboro City Schools Enrollment: 7,411Motlow College Approximately 4,000 high schoolSmyrna graduates per yearEnrollment: 2,100

TN College of Applied TechnologyMurfreesboroEnrollment: 361












LINKS

Related links:

Water and Sewer





http://www.rutherfordchamber.org/

http://mtida.org/

http://www.murfreesborotn.gov/

http://murfreesboroelectric.com/

https://www.atmosenergy.com/

https://www.tva.gov/

http://tcatmurfreesboro.edu

https://mwsdlink.murfreesborotn.gov/

https://mwsdlink.murfreesborotn.gov/

http://www.mtsu.edu/

http://http://www.mtsu.edu/

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