520 Tva RdJasper, TN 37347

Property Details for 520 Tva Rd

Year built

2018

Construction

FRAME

Lot size

5.52 AC

Property size (Sq ft)

11,010 SF

Property type

Grocery and convenience stores

APN

058131 02100

APU

5813102100

Description

This exceptional 83-acre property presents a significant development opportunity in Jasper, Tennessee. Strategically located between the east and westbound lanes of I-24, Exit 158, this land boasts unparalleled accessibility and visibility. The site's high-traffic location is further enhanced by its proximity to established businesses including a Speedway gas station, Loves Travel Stop, and a McDonald's. Recreational amenities are also nearby, with Nickajack Lake and the Tennessee River less than a mile away, and county parks, Hales Bar Marina, and Lookout Winery within minutes. A busy rest area/welcome center adds to the area's high traffic volume. The property's versatility allows for a wide range of development options, including residential subdivisions, light industrial facilities, tourist attractions, an RV resort, a conference center, retail spaces, or hospitality ventures. The asking price is $4,980,000. This is a rare chance to acquire a large parcel of land in a high-growth area with exceptional access to major transportation routes and numerous recreational and commercial opportunities. Additional acreage is available for purchase, including 193 acres and a 26-acre commercial corner lot. This presents a unique opportunity for large-scale development or strategic land acquisition.

• CAP approach

  CAP return

  Valuation

  6%

  $3,423,134

  6.5%

  $3,159,816

  7%

  $2,934,116

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,519,415

  Geo Method

  $5,411,978

• Alternative Use

  Use

  Valuation

  Residential

  $2,665,424

  Hospitality

  $2,441,514

  Educational

  $2,031,311

  Medical

  $2,101,170

  Retail

  $3,159,816

Location Insight

City

Jasper

County

Marion

State

Tennessee

Latitude

35.033

Longitude

-85.5831

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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