Property profile

240 Cornerstone Dr Jasper, TN 37347

OFF-MARKET
Retail space
Property ID
US80-0767369
3,840 SF 2.72 ac lot Built 1998
Individually Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Class A storefront property, located at 240 Cornerstone Dr in Jasper, Tennessee, presents a unique investment opportunity. The 3,600 square foot building, constructed in 1998 and renovated in 2021, sits on a spacious 2.72-acre lot and offers ample space for a variety of commercial uses. Currently vacant, this single-unit property is zoned for commercial use and boasts a desirable location, providing easy access to major transportation routes. Its strategic position offers convenient access to Chattanooga (30 miles), Nashville (120 miles), and Atlanta (130 miles), making it an ideal location for businesses seeking to reach a wide customer base. The asking price is $795,000, translating to $220.83 per square foot. The property's versatility, combined with its prime location and recent renovations, makes it an attractive investment for entrepreneurs and businesses seeking to establish a presence in a thriving community. The property includes two buildings, each one story high. This is a for-sale-by-owner opportunity. The property's size and location offer potential for expansion and customization to meet specific business needs. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a rapidly growing area.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1998
Total area 3,840 SF
Lot 2.72 ac (118,483 SF)
APN 058107 06616
UPID US80-0767369

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store
  • Construction Company General Contractor
  • Construction Company General Contractor

Location

240 Cornerstone Dr Jasper, TN 37347-3343
Jasper metro Census 50204 CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2022
Last sale
$25,000
3 recorded transactions
2022
Price N/A
2015
Price N/A
1992
$25,000

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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