1111 5Th StJellico, TN 37762

Property Details for 1111 5Th St

Year built

1995

Lot size

0.50 AC

Property size (Sq ft)

2,033 SF

Property type

Drive through restaurants

APN

004N A 01400 001

APU

004NA01400001

Description

This exceptional 2.3-acre commercial land parcel presents a unique investment opportunity in Jellico, Tennessee. Located at 1111 5th St, 37762, this property boasts a highly visible position just off Highway 25W, providing easy access to the I-75/Exit 160 interchange. Its strategic location offers unparalleled exposure to a significant volume of daily traffic. The asking price is $299,000, translating to $130,000 per acre, reflecting the land's exceptional value and potential. The property's APN is 007004N A 01300. This prime commercial site is situated adjacent to an Arby's restaurant and directly across from McDonald's and Wendy's, ensuring high visibility and proximity to established businesses. This advantageous location makes it ideal for a variety of commercial ventures, offering significant potential for growth and return on investment. The property is zoned for commercial use (further zoning verification is recommended). Don't miss this chance to acquire a highly desirable commercial property in a thriving location. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $394,353

  6.5%

  $364,018

  7%

  $338,017

• Comparable approach

  Method

  Valuation

  Relative Method

  $179,723

  Geo Method

  $182,001

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $704,598

  Mixed-Use / Specialty

  $364,851

  Hospitality / Lodging

  $270,454

  Office

  $364,903

  Institutional / Educational

  $380,060

  Residential Income

  $444,670

  Multifamily

  $521,501

  Automotive / Energy

  $325,765

  Parking / Income-Based Land

  $110,313

  Restaurant / Food Service

  $194,309

  Healthcare / Senior Housing

  $371,963

Location Insight

City

Jellico

County

Campbell

State

Tennessee

Latitude

36.5805

Longitude

-84.1141

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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