Property profile

3600 Main St Jasper, TN 37347

FOR LEASE
Retail space
Property ID
US80-0605265
17,650 SF 1.68 ac lot Built 2006
Individually Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 16,368-square-foot retail building, located at 3600 Main St in Jasper, Tennessee, presents a unique investment opportunity. Built in 2006 and renovated in 2019, this single-tenant property sits on 1.68 acres of land and boasts 36 parking spaces. Previously utilized as a grocery store and more recently a furniture store, the building offers a versatile, adaptable layout suitable for a wide range of commercial uses. The property features a spacious interior, ideal for customization to meet specific business needs. Its prime location in a high-traffic area of Jasper ensures excellent visibility and accessibility, attracting a substantial customer base. The building is zoned commercial and benefits from three-phase power. Property taxes are $0.54 per square foot. This is a chance to acquire a well-maintained, strategically located commercial space with significant potential for growth and return on investment. The building's history as a successful retail operation speaks to its inherent strengths and the potential for future success. The one-story structure offers ample space and flexibility, making it an attractive option for entrepreneurs and investors alike. Don't miss this chance to own a piece of Jasper's thriving commercial landscape.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2006
Construction FRAME
Total area 17,650 SF
Lot 1.68 ac (73,181 SF)
APN 058119D B 03702
UPID US80-0605265

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 Party Supply Store
  • Home Decor Store Department Store

Location

3600 Main St Jasper, TN 37347
Jasper metro Census 50204 CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.20M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.10M
Blend (final) Blend
$1.13M

Owner & transaction history

since 2022
Last sale
$1.3M
4 recorded transactions
2022
$1.3M
2019
$715,000
2007
$915,000
2005
$225,500

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.7M +50.4%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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