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    520 Tva Rd Jasper, TN 37347

    For Sale
    $4,980,000

    Prime I-24 Location, Multi-Use Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 83-acre property presents a significant development opportunity in Jasper, Tennessee. Strategically located between the east and westbound lanes of I-24, Exit 158, this land boasts unparalleled accessibility and visibility. The site's high-traffic location is further enhanced by its proximity to established businesses including a Speedway gas station, Loves Travel Stop, and a McDonald's. Recreational amenities are also nearby, with Nickajack Lake and the Tennessee River less than a mile away, and county parks, Hales Bar Marina, and Lookout Winery within minutes. A busy rest area/welcome center adds to the area's high traffic volume. The property's versatility allows for a wide range of development options, including residential subdivisions, light industrial facilities, tourist attractions, an RV resort, a conference center, retail spaces, or hospitality ventures. The asking price is $4,980,000. This is a rare chance to acquire a large parcel of land in a high-growth area with exceptional access to major transportation routes and numerous recreational and commercial opportunities. Additional acreage is available for purchase, including 193 acres and a 26-acre commercial corner lot. This presents a unique opportunity for large-scale development or strategic land acquisition.

    Property Features for 520 Tva Rd

    General Information

    Property type
    Land
    Lot Size
    3,615,480 SF

    HighLights

    • $4,980,000 asking price.
    • 83‑acre land parcel.
    • Residential, commercial, and industrial zoning.
    • Located in Jasper, TN, near I‑24 Exit 158.
    • Broker co‑op available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Speedway Gas Station Speedy Cafe Restaurant LibertyX Bitcoin ATM Atm

    Suggested Use

    Restaurant Wholesale Shop Hair Salon Auto Repair Shop Auto Parts Store Convenience Store Breakfast Parking Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jasper
    County
    Marion
    State
    Tennessee
    Longitude
    -85.5835641
    Latitude
    35.03481452

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    FAQs

    What type of property is this?
    Land - Prime I-24 Location, Multi-Use Potential
    Where is this land located?
    The property is located at 520 Tva Rd Jasper, TN.
    What is the asking price?
    The asking price for this property is $4,980,000.
    What are key features of this property?
    This property features: $4,980,000 asking price.; 83-acre land parcel.; Residential, commercial, and industrial zoning.
    Request Owner's contact information
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    520 Tva Rd Jasper, TN 37347
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