Eight-Suite Strip
New
For Sale
$475,000
24 Federal Drive, Jackson, TN 38305
Commercial Sale, Jackson, TN
Property Size9,600 SF
Lot Size1.20 Acres
Price / SF$49.48
Days on Market2
Property Features for 24 Federal Drive
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Parking
30
Elementary school district
Jackson Madison Consolidated District
Standard status
Active
APN
055E A 005.08
Size
9,600 SF
Lot size
1.20 Acres
Taxes and HOA fees
Tax Annual Amount
6760
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1978
Floors in Building
1
Building materials
Block, Brick
Roof type
Flat
Listing Agency:
Hickman Realty Group Inc.-Jack
(731) 664-1006
Listed By:
Alex Hollman · License #358341
(731) 426-3144
Added: Aug 20
Last Checked: Aug 21 at 7:06PM
MLS# 2603981
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 strip mall contains 9,600 square feet across eight suites and was constructed in 1978. Five suites are occupied, while three smaller spaces remain open for occupancy. The building has a functional multi-suite layout with block and brick construction, a flat roof, central heating, central air, and public water service.
The property is located at 24 Federal Drive in Jackson, Tennessee, within Madison County. Current occupancy is 75%, providing an established tenant presence alongside available suite space. The neighboring property at 24 Federal Drive is also identified as available for sale, offering a potential expansion option for a buyer evaluating both properties.
The property is located at 24 Federal Drive in Jackson, Tennessee, within Madison County. Current occupancy is 75%, providing an established tenant presence alongside available suite space. The neighboring property at 24 Federal Drive is also identified as available for sale, offering a potential expansion option for a buyer evaluating both properties.
Key Highlights
- 9,600 SF strip mall with 8 suites
- 75% occupancy with five active tenants
- Three smaller suites remain available for occupancy
Property Analytics
Property Profile
Current Use
Lease Details
75%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
679
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Multi-suite retail center with five occupied spaces and three smaller suites available for lease-up.
Where is this strip mall located?
The property is located at 24 Federal Drive Jackson, TN.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 9,600 SF strip mall with 8 suites; 75% occupancy with five active tenants; Three smaller suites remain available for occupancy
