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Land for Sale in Lebanon, Tennessee

4994 Murfreesboro Rd, Lebanon, TN 37090

$12,000,000
54 acres
Active sale
ago
Est $86,019/mo

Unique 54.08-Acre Investment & Development Opportunity.Discover an exceptional opportunity to own approximately 54.08 acres with a versatile mix of commercial and agricultural zoning. The property currently operates as a successful flea market with 200+ vendors, offering an established income-producing use while providing tremendous potential for future development.The property includes approximately 10 acres zoned Commercial and an additional 44.08 acres zoned Agricultural (AG), creating a wide range of possibilities for an investor, developer, or entrepreneur. Any future residential, recreational, or commercial development on the AG acreage would be subject to applicable county approvals, zoning requirements, and permitting.12 buildings total-8 covered buildings currently utilized by vendors-Diner and 2 concession stands. 3 septic tanks.Existing commercial operation with established vendor traffic. Multiple opportunities for expansion, redevelopment, or additional income streams and endless possibilities.Continue operating the existing flea market or transform the property into something entirely new. Potential uses could include an RV park, campground, event venue, expanded commercial operation, office space, or other development concepts, subject to zoning, county approval, utilities, septic capacity, and applicable regulations.The expansive AG acreage at the rear of the property offers additional potential for future development, including possible residential living, with county approval. 370+ Feet of Road Frontage.Whether you're looking for an established business opportunity, a large tract for investment, or a property with long-term development potential, this one-of-a-kind offering deserves a closer look. Opportunities of this size and versatility are hard to find. Schedule your private showing today. DO NOT APPROACH ANYONE AT THE FLEA MARKET.

Location

Street address
4994 Murfreesboro Rd
Zip code
37090
Elevation
669 feet
Coordinates
36.0961, -86.3363

Directions

I-40 EXIT 238, TURN RIGHT. GO APPROX 8 MILES ON THE RIGHT,ACROSS FROM CEDARS OF LEBANON.

Property details

Acreage
54.08 acres
Zoning
Commercial
MLS #
REALTRACS 3526858
Posted

Parcels

  • 123 00801 000

Details and features

Listing

Type
Commercial Sale
Subtype
Retail
Possession
Negotiable

Lot

Size Source
Assessor

Listing history

DateEventPriceChangeSource
Aug 26, 2026New listing$12,000,000REALTRACS
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This 54.08-acre property is located at 4994 Murfreesboro Rd in Lebanon, TN 37090. The land is available for sale, priced at $12,000,000 — $221,893 per acre.

Checked 2 hours agoUpdated

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Realtracs

Based on information submitted to the MLS GRID as of Aug 28, 2026 5:00 pm MT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. View more

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