1300 Shellmound Rd Jasper, TN 37347
- Commercial real estate
- 4,860 SF
- 24.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1300 Shellmound Rd
- Year built
- 1990
- Construction
- FRAME
- Lot size
- 24.00 lot acres
- Property size
- 4,860 SF
- Property type
- Commercial real estate
- APN
- 058131 02601
- APU
- 5813102601
Description
This exceptional 14,000-square-foot industrial property, located at 1300 Shellmound Rd, Jasper, TN 37347, presents a compelling investment opportunity. Boasting a desirable C2 zoning, this mixed-use facility combines distribution and warehouse space with potential for industrial retail, offering significant flexibility for diverse business ventures. Built in 1990, the property sits on a substantial 24-acre lot, providing ample room for expansion or future development. Currently vacant, this asset offers immediate potential for lease income generation. The asking price is $3,500,000, translating to $250 per square foot. The property's strong location, just three miles from the river and offering one of the best interstate locations in Tennessee, promises excellent accessibility and logistical advantages. A noteworthy 10% capitalization rate underscores the significant return on investment potential. This property is privately owned and offers broker co-op opportunities. The property's size, location, and high cap rate make it an ideal acquisition for investors seeking strong returns in the Tennessee market. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jasper
- County
- Marion
- State
- Tennessee
- Longitude
- -85.6055
- Latitude
- 35.0434
- CBSA code
- 16860
- CBSA name
- CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
