1200 Tennessee 28 - Restaurant FOR SALE


Jasper, TN 37347
$1,400,000 USD
904-672-1527
1200 Tennessee 28, Jasper, TN for Sale
$1,400,000 USD
Restaurant - FOR SALE
1/4
null | Request Cap Rate

1200 Tennessee 28
Jasper, TN 37347


HIGHLIGHTS

  • Turnkey modern construction with existing restaurant infrastructure offering immediate redevelopment or re-tenanting flexibility.
  • Expansive acreage allowing pad splits, expansion potential, or complimentary development opportunities.
  • Exceptional exposure with frontage on TN-28 and visibility from I-24, benefiting from strong regional traffic activity.
  • Flexible C-2 zoning supporting diverse commercial uses including retail, medical, service, office, and hospitality concepts.

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a free-standing restaurant building located at 1200 TN-28 in Jasper, TN. Formerly occupied by a national quick-service restaurant, the Property is now offered vacant, creating a compelling opportunity for investors or owner-users to reposition a modern restaurant asset. Constructed in 2021, the Property consists of a one-story, free-standing 2,628 square foot building situated on an expansive ±2.8-acre parcel. The oversized land component provides a rare opportunity for additional development, pad splits, expansion, or complementary retail concepts, significantly enhancing long-term value potential. The Property is zoned C-2 (General Commercial), permitting a wide range of commercial uses, including but not limited to retail, restaurant, service-oriented businesses, and medical office, further expanding the site’s repositioning flexibility. The site benefits from direct frontage along TN-28 and is visible from Interstate 24 (I-24), which carries approximately 49,969 vehicles per day (VPD) within Marion County. This dual exposure provides strong branding potential and enhances long-term tenant desirability due to both local and regional traffic patterns. Located approximately 30 minutes west of Chattanooga, Jasper serves as a regional commercial hub within southeastern Tennessee. The Property’s strategic positioning near the I-24 corridor supports consistent commuter, logistics, and pass-through traffic, while limited competing freestanding inventory strengthens its marketability. As a vacant asset with modern construction and existing restaurant infrastructure, the Property offers investors the ability to create value through lease-up at market rents or redevelopment of the excess land.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$533 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.82 AC

LAND SF

122,839 SF

ZONING

C-2

APN/PARCEL ID

119-168.07

ASK ABOUT THIS PROPERTY

Cody NelsonMarcus & MillichapMore Info
904-672-1527

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Cody NelsonMarcus & MillichapMore Info
904-672-1527

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.