152 Headtown Rd Jonesborough, TN 37659
- Grocery and convenience stores
- 6,238 SF
- 9.90 lot acres
Current Use by Public Records
- Weigel / Gas Station
- Weigel's / Convenience Store
Property Details for 152 Headtown Rd
- Year built
- 2022
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 9.90 lot acres
- Property size
- 6,238 SF
- Property type
- Grocery and convenience stores
- APN
- 052 23100
- APU
- 5223100
Description
This exceptional 0.56-acre commercial outparcel presents a unique investment opportunity in Jonesborough, Tennessee. Located at 152 Headtown Rd, 37659, this graded lot boasts excellent ingress and egress, situated adjacent to a newly constructed Weigel's convenience store at a signalized intersection. The property's strategic location offers significant advantages, benefiting from high visibility and convenient access for potential businesses. Its proximity to the intersection of Headtown Road and Highway 11E provides an alternative route for commuters traveling between Jonesborough and Johnson City, ensuring consistent traffic flow. Furthermore, the site's close proximity to major employers, including Johnson City Medical Center (approximately 4 miles away), East Tennessee State University (ETSU) with its 13,300 student enrollment, Quillen College of Medicine, and the Veteran Affairs Hospital, guarantees a substantial and diverse customer base. The property is zoned B3, allowing for a variety of commercial uses. Offered for sale or ground lease, this parcel represents a compelling investment opportunity in a thriving and rapidly growing area. The site's prime location and convenient access make it ideal for a wide range of commercial ventures. Don't miss this chance to secure a highly visible and accessible location in a dynamic market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,140,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,745,000
- 6.5%
- $1,615,000
- 7%
- $1,700,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,560,000
- Geo Method
- $1,665,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,955,000
- Retail
- $1,870,000
- Mixed-Use
- $2,205,000
- Hospitality
- $1,815,000
- Educational
- $2,065,000
- Residential Income
- $1,720,000
- Energy
- $1,680,000
- Income-Based Land
- $1,660,000
- Food Service
- $1,645,000
Location Insight
- Map
- Local Demand
- City
- Jonesborough
- County
- Washington
- State
- Tennessee
- Longitude
- -82.4477
- Latitude
- 36.3045
- CBSA code
- 27740
- CBSA name
- JOHNSON CITY, TN METROPOLITAN STATISTICAL AREA
