For Sale
$725,000

1003 Jackson BlvdJonesborough, TN 37659

High-traffic, 7,980 SF mixed-use building.

Overview

Added:
Feb 11
Days on market:
52
This exceptional mixed-use investment property, located at 1003 E Jackson Blvd in historic Jonesborough, Tennessee, presents a compelling opportunity. The 7,980 square foot building, constructed in 1960, features four units situated on a 0.53-acre lot with 15 parking spaces. Currently operating at 50% occupancy, the property boasts a strong pro-forma NOI of $70,453, translating to a pro-forma cap rate of 9.72%. The asking price is $725,000, representing a price per square foot of $90.85 and a price per unit of $181,250. The building benefits from high traffic counts and ample road frontage. The property is zoned commercial and classified as Class C. The current NOI is $24,164, with a projected full occupancy date of February 9, 2025. All four units are under triple net (NNN) leases, meaning tenants cover property taxes, insurance, and maintenance. Two of the units have been occupied for 25 years. Two vacant units, each 2,177 square feet with road frontage, are available for lease at $1,814 per month plus CAM fees. This property offers significant upside potential for investors seeking a strong return in a desirable location. The building's diverse tenant mix includes medical office, restaurant, and storefront spaces, catering to a variety of business needs.

Highlights

  • $725,000 asking price for a 7,980 SF mixed-use property in Jonesborough, TN.
  • Net lease investment opportunity with a 6.00% current cap rate and a 9.72% pro-forma cap rate.
  • Located at 1003 E Jackson Blvd, Jonesborough, TN 37659, on a 0.53-acre lot with 15 parking spaces.
  • Four units totaling 7,980 SF, currently 50% occupied, with projected full occupancy by February 9, 2025.
  • Property features include a Class C building constructed in 1960, with a mix of medical office, restaurant, and storefront spaces.

Property Details for 1003 Jackson Blvd

Property type
Retail properties, Restaurants
Square Feet
7,980 SF
Class
C
Year Built
1960
Buildings
1
Stories
1
Lot Size (sq. ft)
23,087 SF
Units
4

Location Insight

City
Jonesborough
County
Washington
State
Tennessee
Latitude
36.3025264
Longitude
-82.4583715
1003 Jackson Blvd, Jonesborough, Tennessee

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1003 Jackson Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message