2230 Jacksboro Pike LaFollette, TN 37766
- Commercial real estate
- 1,582 SF
- 0.45 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2230 Jacksboro Pike
- Year built
- 1953
- Lot size
- 0.45 lot acres
- Property size
- 1,582 SF
- Property type
- Commercial real estate
- APN
- 103F C 00700
- APU
- 103FC00700
Description
This exceptional single-tenant retail property, located at 2230 Jacksboro Pike in LaFollette, Tennessee, 37766, offers 1,763 square feet of space ideal for a fast-food restaurant or similar retail use. The property is situated in a high-traffic area with 29,687 vehicles passing daily on Jacksboro Pike. Benefiting from a triple net lease at a rate of $28 per square foot, with expenses at $5 per square foot, this investment presents a strong return potential. The property boasts excellent co-tenancy with Dunkin' Donuts (drive-thru), AT&T, and Jersey Mike's Subs, further enhancing its visibility and appeal. Nearby established retailers include Burger King, Pizza Hut, Food City, and Wendy's, indicating a robust and thriving commercial environment. Strong demographics support the location's viability, with population counts within a 1-mile, 3-mile, and 5-mile radius of 8,319, 56,975, and 138,007 respectively. Average household incomes within these radii are $78,058, $67,173, and $67,724, respectively, demonstrating significant consumer spending power. The total building size is 4,000 square feet. This property presents a compelling opportunity for investors seeking a stable, high-traffic retail investment in a desirable Tennessee market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $535,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $595,000
- 6.5%
- $655,000
- 7%
- $635,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $530,000
- Geo Method
- $685,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $710,000
- Retail
- $625,000
- Mixed-Use
- $740,000
- Hospitality
- $685,000
- Educational
- $690,000
- Residential Income
- $730,000
- Energy
- $685,000
- Income-Based Land
- $540,000
- Food Service
- $550,000
Location Insight
- Map
- Local Demand
- City
- La Follette
- County
- Campbell
- State
- Tennessee
- Longitude
- -84.1616
- Latitude
- 36.3474
- CBSA code
- 28940
- CBSA name
- KNOXVILLE, TN METROPOLITAN STATISTICAL AREA