641 Main StJacksboro, TN 37757

Property Details for 641 Main St

Year built

2000

Lot size

0.26 AC

Property size (Sq ft)

2,592 SF

Property type

Retail properties

Property subtype

Retail space

APN

110A E 00100

APU

110AE00100

Description

This exceptional commercial property, located at 641 Main St, Jacksboro, TN 37757, presents a unique investment opportunity. The freestanding building, constructed in 2000, boasts a total of 2,688 square feet, divided into two 1,344 square foot spaces, one upstairs and one downstairs. The upper level, previously occupied by various businesses, features a finished showroom with updated flooring and lighting, a full bath, a half bath, and a kitchen/break room. The lower level, which previously housed a print shop, offers mostly unfinished space, except for one 175 square foot finished room, and includes a half bath and a garage door for convenient loading and unloading. The separate upstairs and downstairs spaces provide flexibility for multiple tenants or a single user. The property sits on a 0.26-acre lot and includes 8 parking spaces. Recent upgrades include a metal roof (less than 2 years old) and HVAC system (less than 3 years old). The property is zoned B-1 and is ideally situated one block from the courthouse and one block from the Appalachian Highway, offering excellent visibility and accessibility. This prime location is close to popular tourist destinations. The asking price is $305,000. APN: 110A E 001.00 000.

• CAP approach

  CAP return

  Valuation

  6%

  $653,727

  6.5%

  $603,440

  7%

  $560,338

• Comparable approach

  Method

  Valuation

  Relative Method

  $555,226

  Geo Method

  $537,766

• Alternative Use

  Use

  Valuation

  Residential

  $509,025

  Hospitality

  $466,264

  Educational

  $387,926

  Medical

  $401,267

  Retail

  $603,440

Location Insight

City

Jacksboro

County

Campbell

State

Tennessee

Latitude

36.3295

Longitude

-84.1848

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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