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Freestanding Retail Space
For Lease
$6.50 SF/Yr NNN

224 N Royal Street, Jackson, TN 38305

Commercial Lease, Jackson, TN

Space Size8,000 SF
Lot Size1.00 Acre
Days on Market975

Property Features for 224 N Royal Street

General Information

Property type Commercial Lease
Property subtype Retail
Zoning description B-4
Parking 40
Directions From the Intersection of Royal & Lexington. Go east 1 block. Building on Right.
Standard status Active
APN 001.00
Size 8,000 SF
Lot size 1.00 Acre

Taxes and HOA fees

Tax Annual Amount 7737

Utilities

Utilities Electricity Available
Heating system Natural Gas, Central
Cooling system Electric

Building Details

Year built 2004
Floors in Building 1
Flooring type Vinyl
Building materials Block, Concrete
Roof type Metal
Listing Agency: Hickman Realty Group Inc.-Jack
Listed By: Chris Carothers · License #250361
Added: Dec 21, 2023 Changed: Aug 19 Last Checked: Aug 22 at 6:06AM
MLS# 235117

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 freestanding retail property offers 8,000 square feet on a 1-acre site. The building was constructed in 2004 with concrete block construction, a metal roof, vinyl flooring, central natural-gas heating, and electric cooling. Electricity is available at the property. The space is vacant and available for lease beginning January 1, 2024, with NNN lease terms. Suite information is available for suites 220 and 222.

The property is located at 224 N Royal Street in Jackson, Tennessee, with access near two traffic signals. The site’s retail configuration and existing building improvements support continued commercial occupancy. Additional land may be available for an out parcel, subject to lease details.

Key Highlights

  • 8,000 square feet of retail space on a 1‑acre site
  • NNN lease structure with availability beginning January 1, 2024
  • Concrete block building constructed in 2004

Property Analytics

Current Use

Family Dollar Discount Store

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Kitchen & Bath Showroom Pharmacy Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,083
Businesses Nearby

Demographics for 38305, TN

52,686
Population
22,950
Households
2.3
Avg Household Size
40
Median Age
32%
College-Educated
94%
High-School Grad
128.0 sq mi
ZIP Area
412
Density / Sq Mi
$66,292
Median Household Income
$37,416
Median Earnings
$1,201
Median Rent
$221,200
Median Home Value

Market

Lease Benchmarks for Jackson, TN

$15.46 /SF/Yr
Avg Asking Price
$6.5–$25 /SF/Yr
Price Range
6,513 SF
Avg Space Size

This space is priced 58% below the average of $15.46 /SF/Yr.

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Vacant retail space with NNN lease structure, concrete block construction, and central heating and cooling.
Where is this retail space located?
The property is located at 224 N Royal Street Jackson, TN.
What is the lease rate?
The lease rate is $6.50 SF/Yr.
What are key features of this property?
This property features: 8,000 square feet of retail space on a 1‑acre site; NNN lease structure with availability beginning January 1, 2024; Concrete block building constructed in 2004
More about this property
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