22 Courthouse Sq, Jasper, TN 37347-3530
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.