Property profile

22 Courthouse Sq Jasper, TN 37347

OFF-MARKET
Retail space
Property ID
US80-3422133
11,128 SF 0.11 ac lot Built 1900
Individually Owned 5-yr Hold ~ Est. High Equity
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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

Location

22 Courthouse Sq Jasper, TN 37347-3530
Jasper metro Census 50204 CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$60k

Owner & transaction history

since 2021
Last sale
$68,000
5 recorded transactions
2021
$68,000
2016
$136,000
2010
$220,000
2005
$125,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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