500 Broadway Blvd Jefferson City, TN 37760
- Commercial real estate
- 900 SF
- 1.40 lot acres
Current Use by Public Records
- Jefferson City's Finest Car Wash / Car Wash
Property Details for 500 Broadway Blvd
- Year built
- 1988
- Lot size
- 1.40 lot acres
- Property size
- 900 SF
- Zone code
- R-2
- Property type
- Commercial real estate
- APN
- 015O A 00700
- APU
- 015OA00700
Description
This exceptional 30,000 square foot vacant land parcel, priced at $28.33 per square foot, presents a unique redevelopment opportunity in Jefferson City, Tennessee. Located at 500 E. Broadway Blvd, this Class A property boasts a highly visible location on a main arterial road, East Broadway Boulevard, near the signalized intersection with North Chucky Pike. The site offers excellent visibility and accessibility with multiple ingress and egress points, benefiting from approximately 20,000 vehicles per day. The strong retail environment is anchored by national brands including Walmart, Lowe's, AT&T, and many others. This thriving area also features numerous quick-service restaurants such as Arby's, DQ, Zaxby's, Hardee's, Bojangles, and Pal's, creating a robust and established commercial corridor. The 0.69-acre lot provides ample space for a variety of retail developments, capitalizing on the high traffic counts and proximity to successful businesses. This is a vacant, for-sale-by-owner property, offering a chance to build a new retail establishment in a high-demand location. The property features two points of access, enhancing convenience and accessibility for customers.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $295,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $325,000
- 6.5%
- $320,000
- 7%
- $310,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $280,000
- Geo Method
- $260,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $280,000
- Retail
- $320,000
- Mixed-Use
- $340,000
- Hospitality
- $325,000
- Educational
- $280,000
- Residential Income
- $320,000
- Energy
- $345,000
- Income-Based Land
- $315,000
- Food Service
- $305,000
Location Insight
- Map
- Local Demand
- City
- Jefferson City
- County
- Jefferson
- State
- Tennessee
- Longitude
- -83.472
- Latitude
- 36.1248
- CBSA code
- 34100
- CBSA name
- MORRISTOWN, TN METROPOLITAN STATISTICAL AREA