520 Tva Rd, Jasper, TN 37347-6927
- Grocery and convenience stores
- 11,010 SF
- 5.52 lot acres
Current Use by Public Records
- Speedway / Gas Station
- Speedy Cafe / Restaurant
- LibertyX Bitcoin ATM / Atm
Property Details for 520 Tva Rd
- Year built
- 2018
- Construction
- FRAME
- Lot size
- 5.52 lot acres
- Property type
- Grocery and convenience stores
- APN
- 058131 02100
- APU
- 5813102100
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 27, 2017 | $1,280,100 | Speedway LLC | Nickajack Fireworks LLC | Grant Deed | — |
| Dec 7, 2016 | — | Nickajack Fireworks LLC | — | Deed · related | $150k · Citizens Tri-cnty Bk |
| Mar 22, 1988 | $5,000 | Jimmy L Carter | Unknown | Grant Deed | — |
| — | — | Nickajack Fireworks LLC | — | Loan Modification · related | $150k · Citizens Tri-cnty Bk |
| — | — | Nickajack Fireworks LLC | — | Deed Of Trust · related | $1.2M · Citizens Tri County Bank |
Description
This exceptional 83-acre property presents a significant development opportunity in Jasper, Tennessee. Strategically located between the east and westbound lanes of I-24, Exit 158, this land boasts unparalleled accessibility and visibility. The site's high-traffic location is further enhanced by its proximity to established businesses including a Speedway gas station, Loves Travel Stop, and a McDonald's. Recreational amenities are also nearby, with Nickajack Lake and the Tennessee River less than a mile away, and county parks, Hales Bar Marina, and Lookout Winery within minutes. A busy rest area/welcome center adds to the area's high traffic volume. The property's versatility allows for a wide range of development options, including residential subdivisions, light industrial facilities, tourist attractions, an RV resort, a conference center, retail spaces, or hospitality ventures. The asking price is $4,980,000. This is a rare chance to acquire a large parcel of land in a high-growth area with exceptional access to major transportation routes and numerous recreational and commercial opportunities. Additional acreage is available for purchase, including 193 acres and a 26-acre commercial corner lot. This presents a unique opportunity for large-scale development or strategic land acquisition.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,420,000
- 6.5%
- $1,310,000
- 7%
- $1,215,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $999,000
- AI Estimate
- $1,439,000
Market price range: $477k - $999kMarket price range: $477k - $1.44M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,055,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Jasper
- County
- Marion
- State
- Tennessee
- Longitude
- -85.5831
- Latitude
- 35.033
- CBSA code
- 16860
- CBSA name
- CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
