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8-Suite Strip Mall
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24 Federal Drive, Jackson, TN 38305

Multi-suite retail center with five occupied suites and three smaller spaces available for leasing.

Property Size9,600 SF
Lot Size1.06 Acres
Price / SF$49.48
Days on Market12

Property Features for 24 Federal Drive

General Information

Standard status Active
Size 9,600 SF
Total Parking Spaces 30
Lot size 1.06 Acres
Property subtype Retail
Occupancy 75%

Building Details

Year Built 1978
Tenancy Multi
Listing Agency: Hickman Realty Group Inc.-Jack
Listed By: Alex Hollman · License #358341
Source: Crexi
Added: Aug 20 Changed: Aug 30 Last Checked: Aug 30 at 3:36PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hickman Realty Group Inc.-Jack

Investment Insights

Based on property information with market context.

Located at 24 Federal Drive in Jackson, Tennessee, this strip mall contains 9,600 SF across eight suites on 1.06 acres. Built in 1978, the property offers a functional multi-tenant layout with separately configured retail spaces.

The center is 75% occupied, with five active tenants in place. Three smaller suites remain vacant and are described as adaptable for immediate occupancy, creating defined leasing capacity within the existing configuration.

Key Highlights

  • 9,600 SF strip mall spanning 8 suites
  • 1.06‑acre site at 24 Federal Drive, Jackson, TN 38305
  • 75% occupancy with five active tenants

Property Analytics

Current Use

Book Lady (Bike/Boat/Book/etc) Store Aerus Electrolux Home Appliance Store Studio 24 Hair Salon Edenton Etc Unique ... Clothing & Fashion Store

Suggested Use

Top Pick Big Box & Wholesale Store Dental Office Building Supply Storage Facility HVAC Service Electrical Service

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

75%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

679
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

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?
Strip mall - Multi-suite retail center with five occupied suites and three smaller spaces available for leasing.
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 spanning 8 suites; 1.06‑acre site at 24 Federal Drive, Jackson, TN 38305; 75% occupancy with five active tenants
(731) 426-3144 Call to check price and availability
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