Restaurant-Used Retail
1938 Highway 45 Byp Jackson, TN 38305
1938 Highway 45 Byp, Jackson, TN, 38305
$469,000
Pending
For Sale
$469,000
Pending
COMMERCIAL - Jackson, TN
Property Size2,261 SF
Days on Market1011
Property Features for 1938 Highway 45 Byp
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 27
- Standard status
- Pending
- APN
- 055K C 008.01
- Size
- 2,261 SF
Utilities
- Heating system
- Natural Gas, Central
- Cooling system
- Electric
Building Details
- Floors in Building
- 1
- Flooring type
- Concrete, Vinyl
- Building materials
- Concrete, Steel Frame, Stone
Listing Agency
Total Realty Source
(731) 574-9340
117 S Main St., Jackson, TN
Listed by
Lynda C Climer · License #54466
(731) 217-3827
Added: Oct 10, 2023 Checked: Jul 16 at 11:06 pm
MLS# 234262
Listing URL
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.
Located at 1938 Highway 45 Byp, Jackson, TN 38305, this commercial building has been used for restaurants and is currently vacant, providing a ready platform for an office, retail, or restaurant tenant.
The property is positioned for exposure to Highway 45 Bypass and Carriage House Drive, supporting visibility for a storefront-oriented concept.
The offering is for sale and includes approximately 2,261 square feet of space. Given the existing restaurant-use history and the current vacancy, the layout may be suitable for food-and-beverage operations or a conversion to office or retail use, subject to applicable approvals.
The property is positioned for exposure to Highway 45 Bypass and Carriage House Drive, supporting visibility for a storefront-oriented concept.
The offering is for sale and includes approximately 2,261 square feet of space. Given the existing restaurant-use history and the current vacancy, the layout may be suitable for food-and-beverage operations or a conversion to office or retail use, subject to applicable approvals.
Key Highlights
- Commercial property with exposure to 45 Bypass and Carriage House Drive
- Building construction includes concrete, steel frame, and stone
- Central natural gas heating with electric cooling
Local Financial Insights For Specialty Retail
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 | $40.7k | $18.00 |
| − Vacancy | −$1.1k | −$0.49 |
| EGI | $39.6k | $17.51 |
| − OpEx | −$9.9k | −$4.38 |
| NOI | $29.7k | $13.14 |
2,261 SF · lease $18.00/SF/yr · vacancy 2.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$424.3K
$371.2K – $495.0K
NOI $29,699 @ 7.0% cap · market cap 6.33%
Second Best
Office B
$344.7K
$301.6K – $402.1K
NOI $24,128 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$465.6K
$407.4K – $543.2K
NOI $32,591 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Previously used for restaurants and currently vacant, this building offers frontage exposure for office, retail, or restaurant use.
Where is this conventional restaurant located?
The property is located at 1938 Highway 45 Byp Jackson, TN.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Commercial property with exposure to 45 Bypass and Carriage House Drive; Building construction includes concrete, steel frame, and stone; Central natural gas heating with electric cooling
