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Property profile & analytics
FOR SALE
Grocery and convenience stores

152 Headtown Rd Jonesborough, TN 37659

6,238 SF 9.9 ac lot Built 2022
Entity Owned 5-yr Hold Free & Clear
Property ID
US80-1071581
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2022
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,238 SF
Lot 9.9 ac (431,244 SF)
APN 052 23100
UPID US80-1071581
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Weigel Gas Station
  • Weigel's Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.50M
Comparable Approach Comparable
$1.02M
Blend (final) Blend
$1.61M
Owner & transaction history
Lkm Properties LP · 5 yrs held
Lkm Properties LP
since 2021
Last sale
$1.7M
1 recorded transaction
2021
$1.7M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.7M +186.5%
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