152 Headtown RdJonesborough, TN 37659

Property Details for 152 Headtown Rd

Year built

2022

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

9.90 AC

Property size (Sq ft)

6,238 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

052 23100

APU

5223100

Description

This exceptional 0.56-acre commercial outparcel presents a unique investment opportunity in Jonesborough, Tennessee. Located at 152 Headtown Rd, 37659, this graded lot boasts excellent ingress and egress, situated adjacent to a newly constructed Weigel's convenience store at a signalized intersection. The property's strategic location offers significant advantages, benefiting from high visibility and convenient access for potential businesses. Its proximity to the intersection of Headtown Road and Highway 11E provides an alternative route for commuters traveling between Jonesborough and Johnson City, ensuring consistent traffic flow. Furthermore, the site's close proximity to major employers, including Johnson City Medical Center (approximately 4 miles away), East Tennessee State University (ETSU) with its 13,300 student enrollment, Quillen College of Medicine, and the Veteran Affairs Hospital, guarantees a substantial and diverse customer base. The property is zoned B3, allowing for a variety of commercial uses. Offered for sale or ground lease, this parcel represents a compelling investment opportunity in a thriving and rapidly growing area. The site's prime location and convenient access make it ideal for a wide range of commercial ventures. Don't miss this chance to secure a highly visible and accessible location in a dynamic market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,769,524

  6.5%

  $1,633,407

  7%

  $1,516,735

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,294,208

  Geo Method

  $1,294,208

• Alternative Use

  Use

  Valuation

  Residential

  $1,377,840

  Hospitality

  $1,262,094

  Educational

  $1,050,048

  Medical

  $1,086,160

  Retail

  $1,633,407

Location Insight

City

Jonesborough

County

Washington

State

Tennessee

Latitude

36.3045

Longitude

-82.4477

CBSA code

27740

CBSA name

JOHNSON CITY, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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