520 Tva RdJasper, TN 37347
- Retail properties
- 11,010 SF
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
- Retail properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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