Commercial Property with Highway
1629 S Highland Avenue Jackson, TN 38301
For Sale
$999,900
COMMERCIAL - Jackson, TN
Property Size5,670 SF
Lot Size2.50 Acres
Price / SF$176.35
Days on Market449
Property Features for 1629 S Highland Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
30
Standard status
Active
APN
109A A 017.00
Size
5,670 SF
Lot size
2.50 Acres
Taxes and HOA fees
Tax Annual Amount
7663
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1963
Floors in Building
1
Flooring type
Carpet, Linoleum
Building materials
Stone
Listing Agency:
Ragan Realty Group
(731) 410-7700
Listed By:
Brandi Ragan · License #333847
(731) 267-1932
Added: May 7, 2025
Changed: Jul 1
Last Checked: Jul 29 at 3:06AM
MLS# 2502055
Copyright © 2026 Central West Tennessee Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale commercial site consists of approximately 2.5 acres with 239 feet of frontage along Hwy 45. The property is identified with a total size of 5,670 square feet and is described as zoned for commercial use.
Located at 1629 S Highland Avenue in Jackson, TN 38301, the property sits in a high-traffic commercial corridor. The public remarks note a daily traffic count exceeding 35,000 vehicles, supporting strong drive-by visibility for businesses that rely on convenient highway access and storefront exposure.
With commercial zoning and substantial road frontage, the site can be considered for a range of development or occupancy plans, including retail and shopping center uses, medical office use, or foodservice concepts such as an upscale sit-down restaurant. The listing also references event center and other commercial ventures as potential fits. For buyers or operators evaluating commercial real estate on a heavily traveled roadway, this property offers a straightforward land-and-frontage profile centered on highway exposure.
Located at 1629 S Highland Avenue in Jackson, TN 38301, the property sits in a high-traffic commercial corridor. The public remarks note a daily traffic count exceeding 35,000 vehicles, supporting strong drive-by visibility for businesses that rely on convenient highway access and storefront exposure.
With commercial zoning and substantial road frontage, the site can be considered for a range of development or occupancy plans, including retail and shopping center uses, medical office use, or foodservice concepts such as an upscale sit-down restaurant. The listing also references event center and other commercial ventures as potential fits. For buyers or operators evaluating commercial real estate on a heavily traveled roadway, this property offers a straightforward land-and-frontage profile centered on highway exposure.
Key Highlights
- 2.5‑acre commercial property at 1629 South Highland, Jackson, TN 38301
- 239 ft of road frontage on Hwy 45 with a daily traffic count exceeding 35,000 vehicles
- Zoned for commercial use
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $122.5k | $21.60 |
| − Vacancy | −$15.6k | −$2.74 |
| EGI | $106.9k | $18.86 |
| − OpEx | −$42.8k | −$7.54 |
| NOI | $64.2k | $11.31 |
5,670 SF · lease $21.60/SF/yr · vacancy 12.70% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$916.4K
$801.9K – $1.07M
NOI $64,151 @ 7.0% cap · market cap 6.42%
Second Best
Office B
$864.4K
$756.3K – $1.01M
NOI $60,506 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,730 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Strip mall - 2.5-acre commercial property with 239 feet of highway frontage on Hwy 45, suited for retail, medical, or restaurant concepts.
Where is this strip mall located?
The property is located at 1629 S Highland Avenue Jackson, TN.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: 2.5‑acre commercial property at 1629 South Highland, Jackson, TN 38301; 239 ft of road frontage on Hwy 45 with a daily traffic count exceeding 35,000 vehicles; Zoned for commercial use
