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    Highway 41 Jasper, TN 37347

    For Sale
    $715,000

    Two adjacent commercial buildings, 7,520 sq ft total.

    Property size:
    7,520 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional investment opportunity presents two adjacent commercial properties situated on a combined 0.87-acre lot on Highway 41 in Jasper, Tennessee. Each parcel boasts its own separate commercial building, offering significant flexibility for potential buyers. The combined square footage of both buildings totals 7,520 square feet, providing ample space for a variety of commercial ventures. The properties are ideally suited for an investor seeking to expand their portfolio or an entrepreneur looking to establish multiple businesses in a high-traffic location. The strategic positioning on Highway 41 ensures excellent visibility and accessibility for customers. The sale includes both parcels and buildings, offering the unique advantage of purchasing them together or separately, catering to diverse investment strategies. This presents a rare chance to acquire a substantial commercial holding in a thriving Tennessee market. The buildings' current configurations and potential uses are open to interpretation, allowing for customization to suit specific business needs. This prime location and the dual-building setup create a compelling opportunity for significant return on investment. Serious inquiries are encouraged to explore the full potential of this remarkable commercial property. The asking price for the entire property is $715,000.

    Property Features for Highway 41

    General Information

    Property type
    Mixed-use properties
    Square Feet
    7,520 SF
    Lot Size
    37,897 SF

    Building Details

    Year Built
    1973
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Jasper
    County
    Marion
    State
    Tennessee
    Longitude
    -85.61337
    Latitude
    35.07131

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    FAQs

    What type of property is this?
    Mixed-use property - Two adjacent commercial buildings, 7,520 sq ft total.
    Where is this mixed-use property located?
    The property is located at Highway 41 Jasper, TN.
    What is the asking price?
    The asking price for this property is $715,000.
    (423) 478-2332
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    Highway 41 Jasper, TN 37347
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Highway 41 Jasper, TN 37347
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