520 Tva RdJasper, TN 37347

  • Retail properties
  • 11,010 SF
For Sale
$4,980,000 View listing

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
520 Tva Rd, Jasper, Tennessee

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$21,509
$340,040
$673,000
$1,013,040
-
$850,100
$1,682,500
$2,532,600

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