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    Forest Dr Jonesborough, TN 37659

    Sponsored
    For Sale
    $399,000

    Prime 3.89-acre commercial lot near Food City.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 3.89-acre commercial land parcel presents a unique investment opportunity in Jonesborough, Tennessee. Located within the bustling Food City shopping center, this rectangular lot boasts over 950 feet of frontage on Forest Drive, offering significant visibility and accessibility. Its strategic position near an office building and storage facilities, coupled with its proximity to the high-traffic intersection of Boones Creek Road and Jonesborough Highway, ensures substantial exposure to a large customer base. The property, identified as Tract 4, is zoned B-3 and benefits from readily available public utilities, including gas, electric, and water. Its shape and size make it ideal for a variety of commercial developments. The seller is open to subdividing the property, providing flexibility for potential buyers. The asking price is $399,000, representing a land value of $141,388 per acre. The property's APN is 090 052 09506 000 2020. This prime location in a thriving retail and restaurant area makes this an exceptional opportunity for investors seeking high-impact commercial development in Jonesborough, TN. The property is located at Forest Dr, Jonesborough, TN 37659.

    Property Features for 0 Forest Dr

    General Information

    Property type
    Land
    Lot Size
    169,448 SF

    HighLights

    • $399,000 asking price for 3.89 acres of commercial land.
    • Located in Jonesborough, TN, near Food City shopping center.
    • Zoned B‑3 with available utilities (gas, electric, water).
    • High visibility corner lot with over 950 feet of frontage on Forest Drive.
    • Owner will consider subdividing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Jonesborough
    County
    Washington
    State
    Tennessee
    Longitude
    -82.46179518
    Latitude
    36.30253714

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    FAQs

    What type of property is this?
    Land - Prime 3.89-acre commercial lot near Food City.
    Where is this land located?
    The property is located at Forest Dr Jonesborough, TN.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: $399,000 asking price for 3.89 acres of commercial land.; Located in Jonesborough, TN, near Food City shopping center.; Zoned B-3 with available utilities (gas, electric, water).
    (423) 230-0255
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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
    Forest Dr Jonesborough, TN 37659
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