For Sale
$3,500,000

1300 Shellmound RdJasper, TN 37347

High-Cap Rate Warehouse, 14,000 SF, Vacant

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 14,000-square-foot industrial property, located at 1300 Shellmound Rd, Jasper, TN 37347, presents a compelling investment opportunity. Boasting a desirable C2 zoning, this mixed-use facility combines distribution and warehouse space with potential for industrial retail, offering significant flexibility for diverse business ventures. Built in 1990, the property sits on a substantial 24-acre lot, providing ample room for expansion or future development. Currently vacant, this asset offers immediate potential for lease income generation. The asking price is $3,500,000, translating to $250 per square foot. The property's strong location, just three miles from the river and offering one of the best interstate locations in Tennessee, promises excellent accessibility and logistical advantages. A noteworthy 10% capitalization rate underscores the significant return on investment potential. This property is privately owned and offers broker co-op opportunities. The property's size, location, and high cap rate make it an ideal acquisition for investors seeking strong returns in the Tennessee market. Serious inquiries are encouraged.

Highlights

  • 14,000 SF industrial property on a 24-acre lot in Jasper, TN.
  • C2 zoning allows for mixed-use (distribution, warehouse, and industrial retail).
  • Vacant, offering immediate lease income potential.
  • Asking price: $3,500,000 ($250/SF).
  • Excellent location: three miles from the river and prime interstate access in Tennessee.
  • 10% capitalization rate.

Property Details for 1300 Shellmound Rd

Property type
Warehouses, Mixed-use properties
Square Feet
14,000 SF
Year Built
1990
Lot Size (sq. ft)
1,045,440 SF

Location Insight

City
Jasper
County
Marion
State
Tennessee
Latitude
35.04210489
Longitude
-85.60321556
1300 Shellmound Rd, Jasper, Tennessee

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1300 Shellmound Rd
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