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    OFF-MARKET
    Retail space

    22 Courthouse Sq, Jasper, TN 37347-3530

    11,128 SF 0.11 ac lot Built 1900
    Individually Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US80-3422133
    Property summary
    AI-generated overview

    This exceptional 10,000-square-foot retail building, located at 22 Courthouse Square in Jasper, Tennessee, presents a unique investment opportunity. Built in 1900, this two-story, all-brick structure boasts solid hardwood floors and original character throughout, offering a blend of historic charm and modern potential. Situated on a 0.12-acre lot, the building's dimensions are approximately 40 feet wide by 130 feet deep. The property is zoned for commercial use, allowing for a variety of applications. The ground floor is ideal for a restaurant, brewery, or retail space, while the second floor presents possibilities for multi-family residential units, Airbnbs, or residential lofts. Jasper, TN, is a thriving community with a population exceeding 3,500 and an average household income over $64,000, experiencing annual growth exceeding 1.4%. This building is being sold as-is. The square footage is approximate and should be verified by the buyer. This prime downtown location offers unparalleled visibility and accessibility, making it an attractive proposition for a wide range of businesses. The Marion County property (APN: 058107PB03000) is priced competitively at under $40 per square foot, representing an outstanding value for a building of this size, condition, and historical significance in the region. The entire 10,000 square feet is currently vacant.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1900
    Total area 11,128 SF
    Lot 0.11 ac (4,940 SF)
    APN 058107P B 03000
    UPID US80-3422133
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Charles M Davis II · 5 yrs held
    Charles M Davis II
    since 2021
    Last sale
    $68,000
    5 recorded transactions
    2021
    $68,000
    2016
    $136,000
    2010
    $220,000
    2005
    $125,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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