240 Cornerstone DrJasper, TN 37347

Property Details for 240 Cornerstone Dr

Year built

1998

Lot size

2.72 AC

Property size (Sq ft)

3,840 SF

Property type

Retail properties

Property subtype

Retail space

APN

058107 06616

APU

5810706616

Description

This exceptional Class A storefront property, located at 240 Cornerstone Dr in Jasper, Tennessee, presents a unique investment opportunity. The 3,600 square foot building, constructed in 1998 and renovated in 2021, sits on a spacious 2.72-acre lot and offers ample space for a variety of commercial uses. Currently vacant, this single-unit property is zoned for commercial use and boasts a desirable location, providing easy access to major transportation routes. Its strategic position offers convenient access to Chattanooga (30 miles), Nashville (120 miles), and Atlanta (130 miles), making it an ideal location for businesses seeking to reach a wide customer base. The asking price is $795,000, translating to $220.83 per square foot. The property's versatility, combined with its prime location and recent renovations, makes it an attractive investment for entrepreneurs and businesses seeking to establish a presence in a thriving community. The property includes two buildings, each one story high. This is a for-sale-by-owner opportunity. The property's size and location offer potential for expansion and customization to meet specific business needs. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,193,900

  6.5%

  $1,102,061

  7%

  $1,023,343

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,576,254

  Geo Method

  $1,887,557

• Alternative Use

  Use

  Valuation

  Residential

  $929,630

  Hospitality

  $851,536

  Educational

  $708,468

  Medical

  $732,833

  Retail

  $1,102,061

Location Insight

City

Jasper

County

Marion

State

Tennessee

Latitude

35.0792

Longitude

-85.6082

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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